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 memory module maker SMART Modular Technologies
So what: Not one but two analysts reiterated their "buy" ratings on this stock after an apparently very convincing analyst day. Strong business in Brazil is one value driver for SMART Modular; the ever-present promise of solid-state drives getting their turn in the sun is another.
Now what: SMART Modular may venture into 52-week highs if this analyst-powered boost has legs. Even so, the stock is trading for about nine times trailing earnings, which places it in the same bargain-basement territory as storage rivals STEC
Interested in more info on SMART Modular? Add it to your watchlist by clicking here.
Fool contributor Anders Bylund holds no position in any of the companies discussed here. True to its name, The Motley Fool is made up of a motley assortment of writers and analysts, each with a unique perspective; sometimes we agree, sometimes we disagree, but we all believe in the power of learning from each other through our Foolish community. The Motley Fool is investors writing for investors.
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