Jake Berzon

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    • Cirrus Logic: Long Road to Recovery
      As I have mentioned in the original post, I made the mistake of not disposing of this stock when I saw its business dynamics changing and than ignoring it for years. When I was doing the year end review of my positions, I finally decided it was time for CRUS to go.

      Yes, you are right, I should have dumped it much earlier!

      Regarding audio being a dying industry, what I meant is that the business of making audio chips is a declining business. This is absolutely the case, because there is a constant push for more integration all the time. Just as read channel designs in disc drives (a business that CRUS exited) transitioned through higher integration to single chip disc drive designs used in high volume, the same way audio components are getting integrated to make combo chips for the mass market. Yes, there are (and perhaps there will always be) some high end systems that will need better quality sound chips and perhaps CRUS could fill that niche and be very profitable in doing so, the same as the last manufacturer of vacuum tubes, but I am not going to count on that happening!

      TRID is better positions than CRUS in that their product is much further away from getting integrated away and I do like TRID at $6 even better than at $7. TRID is also much more profitable, so it is a much, much better value today.
      Jan 08 11:51 am |Rating: 0 0 |Link to Comment |View article

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