Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: Shares of Lattice Semiconductor
So What: Programmable logic rival Xilinx
Now What: Lattice is trading at less than nine times forward earnings, not to mention sitting on $1.81 of debt-free cash per $4.41 share. Barring a major disaster in that earnings report, this looks like a mighty compelling time to buy an undervalued stock. But don't just take my word for it; Lattice recently climbed to a desirable four-star rating (out of five) in our CAPS system, meaning that your fellow individual investors tend to agree with that positive assessment.