Re: SOTD: SIRF Technology
I just glanced at a few things:
P/E is too high, so growth potential is probably factored in like you said.
P/S is the worst among it's competitors, and about 4x the industry, so they're priced well above what they're earning.
I think their future clientel is a decisive factor in what they're worth, and I don't think I'm clued in enough to accurately guess that. In February, it probably was a good buy, and it may still be. But as you pointed out, growth is already factored into their price, and I wouldn't feel good buying it.
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