Over the next couple of weeks, John and David will be reviewing their real-money 10-Bagger portfolio. In this video, they take a closer look at Fusion-io.
Fusion-io surprised the market, putting up excellent numbers in its recent earnings release. Even with the recent run up, its shares look attractive. The company uses flash memory to make servers run more efficiently and effectively. Big companies like Apple and Facebook have been early adopters of its technology and continue to be buyers of its products. Interestingly, both IBM and EMC have been pushing more into the flash memory game as costs fall and demand rises. David thinks that has pushed the market into the next phase of growth. And that's good news for Fusion-io.
It expects 45-50% sales growth in fiscal year 2013 and good margins. As more customers look to flash memory as a solution, David expects that solid performance to continue, making Fusion-io shares worth buying today.
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