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Patrick McKeough is one of Canada’s top safe-money advisors. The Wall Street Journal, Forbes and The Hulbert Financial Digest have all recognized his ability to find stocks with hidden value. He is editor and publisher of The Successful Investor, Stock Pickers Digest, Wall Street Stock Forecaster and Canadian Wealth Advisor; inventor of the Quick Profit/Value System and the ValuVesting System™. A best-selling Canadian author, he wrote Riding the Bull, the book that predicted the 1990s stock-market boom.

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New chips should spur Nvidia’s growth

June 25, 2010 -  Be the first to comment
Posted by: Pat McKeough Filed in: Tech Stocks
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NVIDIA CORP. $12 (Nasdaq symbol NVDA; Aggressive Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 572.2 million; Market cap: $6.9 billion; Price-to-sales ratio: 1.8; No dividends paid; WSSF Rating: Average) earned $137.6 million, or $0.23 a share, in its first quarter, which ended May 2, 2010. A year earlier, it lost $201.4 million, or $0.37 a share. However, the year-earlier loss included a $140.2-million charge related to its buyback of worthless stock options from its employees. Revenue jumped 50.8%, to $1.0 billion from $664.2 million. The chipmaker spent 21.8% of its revenue on research in the latest quarter.

Inventories rose by 17% in the past three months, which suggests chip demand is slowing. However, Nvidia’s new focus on chips for mobile devices makes it less reliant on cyclical computer sales.

Nvidia is a buy.

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Permalink: http://www.tsinetwork.ca/?p=39751

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Stock Market: NASDAQ
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Suitable for: Aggressive Investing

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