New article at Seeking Alpha:
Marvell Technologies Will Ramp Smartphone Chip Profits In 2014
I started writing this article yesterday because of an announcement last week of an LTE smartphone win in China. When I got up this morning to finish the article the stock was up quite a bit, and there were more announcements of 4G LTE wins in China. So I finished the article, and fortunately the turn-around time at Seeking Alpha was quick.
I have held Marvell since around 2006. I paid too much for it in the early years, but also built up a position over time during dips. I have taken notes on every quarter's analyst conference since 2006. You can see my notes at:
Marvell Technology Analyst Conference Call Notes
It is getting harder to find undervalued stocks. I believe that MRVL is currently undervalued, but as always that is contingent on it having a growth trajectory more or less in line with my expectations.
I have enough Marvell stock that if momentum players push the price up too high too quickly (above $20 per share in the next few months) my portfolio rules would require me to sell a portion of it. I try to keep the market value of each of my stocks to no more than 10% of my entire portfolio.
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