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Friday, November 20, 2009

Semiconductor glut? Not so fast--and buy Dilliards while you are at it.


Or so says Deutsche Bank. And I have to go with both of their calls.

DDS price target was bumped to $28. The Decemeber 15 calls are just $1.10. Q4 numbers get bumped to $1.10 from .17 versus a loss of 31 cents last year, and numbers for 2011 get bumped to $2.11. (I wonder how his golf score is now?)

And check out the semiconductor story (page 12). They tell a story way different that Mother Merrill's downgrade of the group yesterday. Merrill needed a bunch of graphs to prove their point; therefore it must of been wrong. Meanwhile, that whole story is here, while the Deutsche stories mentioned above are below:

Trading Focus Nov 20, 09 SA                                                                                                                                                       

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