Bullish on Nvidia: No Debt and Low Expectations - Matthew Rafat

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Bullish on Nvidia: No Debt and Low Expectations
Aug 12, 2008 05:36 PM UTC

Matthew Rafat

Return	Risk
-7.13%	LOW

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Symbol	Sentiment	Start	Return	Closed
NVDA		08/12/08	+10.84%	--

Via Long Investment Ideas from Seeking Alpha:

If you're looking for a quick, high risk bet, check out Nvidia (NVDA). They release earnings after the close today. I now own over 600 shares at a purchase price of around 11.10. Although both AMD and Intel are going after NVDA's turf, NVDA has no debt and its competitors have been trying to muscle into the high-end GPU business for years, without success.

In addition, Intel's Larabee won't be released till 2009, meaning NVDA needs to duke it out only with AMD/ATI for X-Mas laptop and desktop sales. Bottom line: from my vantage point, NVDA stock looks oversold at 11 dollars a share.

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