Buying some Palm...market cap just to small?
Just bought about £10,500 worth of Palm. Range over the last couple of years has been between about $12 and $24, currenly trading at $16.95. Market cap just $1.75bn, seems tiny for such a well known "tech" company. Yes, earnings have come off over the last year, giving it a P/E of ~26, but if you look at the long-term, surely the future is mobile computing? Was contemplating double the size of this position, but will do a little research first.
Yahoo Profile of PALM
posted by 2and20 at 20:04 | Permalink |
1 Comments:
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