Ask SUT
Welcome to this week's edition of Ask SUT. To participate, just email your question to David Peltier at AskSUT@thestreet.com with "Ask SUT" in the subject line. However, please remember that Stocks Under $10 is not intended to provide personalized investment advice. So do not email David seeking personalized investment advice, which he cannot provide.
-- It's nice to see TriQuint Semiconductor (TQNT) finally moving in the right direction! My question is about the $6 price target/estimate: How are you estimating that target and why isn't it higher? That only represents about a 10% move up from the current levels.
Thanks,Joe
TQNT is our largest holding in the model portfolio, so we are equally pleased. We don't set formal price targets, but for this name, $6 is more of a near-term goal -- say in the next three months or so.
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