Don't show againBUY ALERT: AuthenTec (Nasdaq: AUTH) BUY 1/4 Position 7/3/08 Around $10.00
What:
I think it’s time you take a serious look at PeakStocks.com portfolio recommendation AuthenTec (Nasdaq: AUTH), the world’s leading provider of fingerprint sensors and solutions to the wireless, PC and Access Control markets.
I am initiating the Fourth (4) BUY recommendation of AuthenTec at or around $10.00 per share.
New to the AuthenTec story?
- Or read my last company update where I go into more detail here.
Why:
Further due diligence and research of AuthenTec has strengthened my original investment thesis to the point that I feel AuthenTec’s shares anywhere around $10.00 or less represent an incredible buying opportunity for long term investors.
AuthenTec’s growth potential is huge, their competitive advantages are enormous, and their valuation at this level makes them not only compelling from a company standpoint, but also from a valuation and risk/reward standpoint, and that’s not something that can often be said for a fast growth company!
Read my last company update that I just issued earlier this week here.
Don’t be afraid of current market conditions!
While we can never predict bottoms, my cost-averaging approach to purchasing shares on PeakStocks.com has allowed us to get into AuthenTec at bargain prices while being patient for a turnaround in the overall market, and specifically, for a catalyst with this particular company, which will be upon us shortly with AuthenTec’s next earnings announcement coming up as well as new products and manufacturing deals that will be start to ramp up in the back half of 2008, and into 2009.
I advise you to buy shares immediately, even if it is only your first position, and add to that position on anything below the $10 level.
Remember, AuthenTec came public at $11 per share.
I never thought we would have the opportunity to purchase shares at or near these levels again.
This might be one of the last times you’ll get that chance, don’t let it pass you by.
- Read my last company update where I go into more detail here.
|
*Variables You Should Know About AuthenTec (Nasdaq: AUTH) |
|
|---|---|
| Current Recommendation: |
STRONG BUY |
| The Company: | AuthenTec, Inc., is a fabless mixed-signal semiconductor company that provides fingerprint authentication sensors and solutions to the high-volume personal computer (PC), wireless device, and access control markets. |
| Why Buy Now: |
|
| Market Cap: |
$278.9 |
| Revenue (TTM): |
$58.60 |
| Cash/Debt: |
$67 / $0 |
| Current Price: | $10.00 |
| Risk Rating (?): | 7.5 (Moderate-High) |
| Position Size (?): | 1/4 (12-17-07), 1/4 (1-17-08), 1/4 (1-23-08), 1/4 (7-3-08) |
| Buy Around Price (?): | $13.50 (12-17-07), $13.25 (1-17-08), $12.00 (1-23-08), $10.00 (7-3-08) |
*As of 7-2-08. Except share price, all values in millions.
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(2) comments to “BUY ALERT: AuthenTec (Nasdaq: AUTH) BUY 1/4 Position 7/3/08 Around $10.00”
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July 8th, 2008 at 2:21 pm
Hello Chris,
What do you see as the primary risk in purchsing this stock?
Thanks,
Bill
July 9th, 2008 at 1:54 am
Bill,
Excellent question! I will be addressing the risks of owning this and every other stock that I recommend one I put my research reports online for viewing.
Check back in a few weeks to this page:
http://peakstocks.com/research-reports
And you’ll be able to download the full research report in which I outline every single risk for owning shares in AuthenTec as well as why I bought shares in the company.
Take care,
Chris