Daily Stock Opinions and Ratings

Opinions

David Driscoll Gennum GND-T TOP PICK Jun 08, 2004

Hasn't done a thing for five years, but have reinvented themselves from two products to four. Now into high-definition TV as well as data communication. No debt. Strong cash flow. Growth is there.

David Driscoll

Owned

Unlock Rating

$14.990

Stock price when the opinion was issued

electrical electronic

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PAST TOP PICK

(A Top Pick June 8/04. Down 7.5%.) A wide ranging stock in that the bid/offer spread is very wide and it is very illiquid. Have some really good new products. Still buying.

WATCH

The most important thing you want to see happen is a breakthrough of $17 which will be a signal. Above the 200 day moving average.

DON'T BUY

Gennum makes digital pieces for hearing aids. It is not a cheap stock. Believes there is better value in other places. In the past he has owned this stock but no longer owns.

COMMENT

Has come under his radar screen for a potential look. Has been crushed and is looking like it is starting to base. We'll be having a closer examination of this.

BUY

In the TSX Info Tech sector and is very volatile. Tendency to have large trading ranges. Expect it will work up to the top of its range.

COMMENT

Specialty semiconductor manufacturer. Struggled for the last few years. Just did a major restructuring on 3 areas 1) video transport 2) data communications and 3) image processors. Just reported an OK quarter. Expenses were a little heavy and Cdn$ impacted them. He's a growth manager and has not seen it in this company yet.

DON'T BUY

$1 per share in cash and no debt. Earnings are expected to have a gigantic haircut in 2009. Electronics sales are declining.

COMMENT

In the old days it was a hearing aid company that did very well. Now they have semiconductor products for video and data com markets. Have been hard hit as a mini semiconductor company and earnings are way down. Good balance sheet and the business is stabilizing.

TOP PICK

Designs semiconductor circuits. From June until now it had been trading in the $4 range and, on very positive news went up to a new level so the stock has taken on new characteristics. Volumes were also good.

PAST TOP PICK

(Top Pick Mar 12/10, Up 24.42%) Traded sideways for the last half of the year. When a stock breaks out of a long sideways trend with diminishing volume, it is a really good opportunity.

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David Driscoll Gennum GND-T TOP PICK Jun 08, 2004

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