Data Domain Leaves Competitors Behind - Kris Tuttle

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Data Domain Leaves Competitors Behind
Jul 17, 2008 09:29 AM UTC

Kris Tuttle

Return	Risk
+1.76%	MID

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Symbol	Sentiment	Start	Return	Closed
DDUP		07/17/08	+55.40%	--

Via Long Investment Ideas from Seeking Alpha:

We’ve been following Data Domain (DDUP) for over a year and it has tended to be too expensive to buy. Our intrinsic value [IV] estimate has been fairly consistent at $24/share but recent inputs suggest the company may be able to do well enough for us to tweak our model higher and see an IV in the upper-$20's.

The recent market turmoil has reduced the price to just over $20, which makes this a strong candidate for boosting overall 2008 returns. The shares could easily finish the year up 20% from here.

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