Take a look at SIRF, the stock is up 28% today. From
marketwatch,
"SIRF shares rose nearly $6, to a high of $29.76 after the company said late Tuesday that it lost $16.1 million, or 28 cents a share, on $91.2 million in revenue for its third quarter. Normally, such a loss would send a company's shares into the red, especially since last year, Sirf earned $2.6 million, or 5 cents a share, on sales of $63.7 million.
But since Sirf's loss was caused mainly by a series of one-time charges related to items such as research and development and stock options, investors were willing to give the company a free pass. Excluding those items, Sirf would have earned $17.6 million, or 29 cents a share, which topped the consensus estimates of analysts surveyed by Thomson Financial, who forecast a profit of 22 cents a share on $85.7 million in revenue."
Very interesting to see, so I think this makes SIRF a great long term buy, especially when you look at a stock chart. You might be able to get it at a discount though if you give it a few days for profit takers to take profits.
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