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Thoughts on Creative (CREAF)
I bought this share at 9$ and now it's trading at 7.2$
It's trading below bookvalue, has over 3$/share in cash, had some setbacks this last year because of under-expectation sales of Zen music player, wich caused inventory buildup and depreciation of assets. The company's management predicts that until Q4 ends they will regain profitability. They also launched a new Soundblaster wich was very well accepted by the market (see tomshardware.com) Also, although I dont have knowlege on technical analisys, I think this is a good time to buy some more shares while looking at the chart. What do you guys think? |
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