Joel Kruger suggests this interesting Equities in his section Equities of interest :
Marvell Technology Group Ltd. (NASD: MRVL)
Some disappointing guidance and the resignation of the company’s CFO have opened an acceleration of declines in this already beaten down stock. But alas, the ticker has now shown up on my model’s radar screen and I must admit, I am delighted to see it. Despite the setbacks, this is a solid name with a lot of promise on the fundamental front. The stock is priced at less than 10x trailing earnings, and well known buy-sider David Einhorn has been quoted as saying Marvell is “marvelously cheap.” My view of the broader equity market is bearish, but I see room for outperformance in Marvell relative to the stock market going forward. This would be a short and long-term recommendation. There is the potential for setbacks to extend towards $5, but that should be it (if we even see that) and I project a bounce back towards the $10 area over the coming weeks. Technically, at a minimum, a healthy corrective bounce is long overdue.
