SYNA is raising guidance by quite a bit and also announcing an acquisition. Market seems to like the news quite a bit as its up 17% after hours right now. Thanks again for bringing this one to everyone’s attention.
http://finance.yahoo.com/news/synaptics-raises-fiscal-fourth…
http://finance.yahoo.com/news/synaptics-buy-japanese-chipmak…
Paul
Saul,
You’re a genius.
Jason
“Synaptics intends to fund the transaction with cash and committed debt financing of $300 million. The acquisition is expected to be immediately accretive to Synaptics’ non-GAAP EPS, excluding transaction-related expenses.”
Love to see that they’re not funding the acquisition with stock!!
Chris
I only wish I bought more…!! But a half position is better than no position!
Thanks so much Saul for driving our awareness of SYNA. It looks like they have enormous growth ahead.
Given this fantastic news, maybe now is not such a bad time to add to one’s position…
Best,
Vic
Saul, You’re a genius. Jason
Oh Jason, I wish it were true. I just use common sense investing, and try to stick to some sensible rules. It works most of the time.
Thanks for your kind words,
Saul