The Motley Fool Previous Page

A Major Buy Sign for 1 of the Best Apple Plays

Tim Brugger
November 22, 2012

It was only a few weeks ago chip maker Cirrus Logic(NASDAQ: CRUS) announced fiscal Q2 2013 earnings that were absolutely off the charts. Revenue, earnings, you name it -- they all made a mockery of Cirrus' year-ago period and beat expectations handily. So, what happened? Cirrus was sold off, to the tune of a 12% drop, before intraday trading was actually halted because of the activity.

If you're a value investor, hopefully you caught the article shortly after the Cirrus post-earnings trading craziness and got on board. If you missed it, don't feel bad -- turns out it took Cirrus CEO Jason Rhode and the rest of the management team a couple of weeks, too.

Cirrus buys... Cirrus