Thursday, February 21, 2013

Seeking Alpha: Analog Devices Already Pricing In A Recovery

As a general rule, semiconductors are great second-chance stocks as the ups and downs of this surprising cyclical industry take the stocks on roller-coaster rides. Unfortunately for investors just coming back around to check on Analog Devices (ADI), the market has already more than counted on a solid recovery at this leading analog chip company. Improving sell-side estimates and better-than-expected operating leverage could lead to more upside in this recovery cycle, but this isn't a fundamentally cheap stock anymore.

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Analog Devices Already Pricing In A Recovery

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