AuthenTec Inc.  (AUTH) Trade Now »     Rate AUTH  -  Discuss AUTH  -  Add to Watch List        

Things change quickly in the market.

What looked attractive last month, now looks overvalued, or further due diligence has proven it to contain some warts.

The market didn’t take to kindly to PeakStocks.com portfolio recommendation based on AuthenTec’s (Nasdaq: AUTH) latest earnings release, sending shares precipitously lower in the days following what were largely stellar earnings from a rapidly expanding up-and-coming company.

The good news for us, is that this presents us an excellent opportunity to add shares of AuthenTec at discounted prices and further cost average our total position.

AuthenTec (NASDAQ: AUTH), the world’s leading provider of fingerprint sensors and solutions to the PC, Wireless and Access Control markets, released their Q2/2008 earnings and held their analyst conference call Monday, July 28th after the market closed.

It’s a juicy time of the year right now for Wall Street with thousands of companies releasing earnings in the next few weeks that will either disappoint investors or help to allay their fears of the companies they cover.

I think it’s time you take a 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.

AuthenTec has continued to execute their business strategy, has introduced several new products to the market, and is is looking very reasonably priced at these levels.

The recent market turmoil has given us a wonderful opportunity to nab stocks on the cheap.

Today I wanted to give you a heads up on some of the stocks that I was watching for possible inclusion into the PeakStocks.com portfolio, specifically ones that are high on my list, and most likely to be added as formal recommendations in the weeks to come as they reach desirable price points, and present wonderful opportunities for long term investors.

AuthenTec (Nasdaq: AUTH), the world’s leading provider of fingerprint sensors and solutions, released their Q1/2008 earnings and held their analyst conference call Monday, April 28th after the market closed.<!--more-->

As a result of AuthenTec’s latest earnings release, as well as rapidly accelerating business trends, which go way above and beyond my expectations, I have upgraded my opinion on AuthenTec from a HOLD to a BUY.