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No. of Recommendations: 1
I took owners equity, from this most recent quarter, and divided it by the total shares outstanding(approx. 63 mill). For the last four years, CRUS has been trading around 2x ROE/share. According to my $11.59/share, fair market value per share should be around $23.18. I'm guessing we will not see CRUS at $23/share for quite a few months, though. The market wants to see increasing earnings and revenues compared to the same quarter last year...not declining. Long term, I think CRUS will do fine...certainly when considering the present share price.
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