February 7, 2011

Catch a Falling Knife: Power One Shares

Power One had an earnings miss last week and the market has not been kind to shares of the stock which are trading at under $9.00 a share today. Many see this as a buying opportunity though. This article has several analysts cutting their price target from the high teens to $14.00 a share.

This article has an interview with the CEO. He believes that $9.00 a share is too low for the company. Granted, it does appear that the company is poised for growth, but the question remains, "How far will shares fall before they turn around?"

For what it's worth, here is the Fool's take. They own shares of the stock.

No comments: