The chart at the time of recommendation

Cats Chart

CATS -  (Sold on 7/28/08 for a gain of 98%)
BOUGHT at $3.16     SOLD at $6.27

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     The following is the commentary subscribers originally received.

      On November 29th, Catalyst Semiconductor, a developer of programmable memory products, including LED drivers, and a provider of analog/mixed signal semiconductors, reported fiscal 2008 2nd quarter revenue of $20.7 million. This was up 27% from the $16.3 million reported in the 2nd fiscal quarter of 2007. Revenue was up 4% on a sequential basis. Net income was $1 million or 6 cents per share. On an adjusted basis, which excludes stock option expense, net income was $1.3 million or 7 cents per share. This compares to adjusted income of $644k or 4 cents per share in the year ago period. Gross margin was 37.3%, up from the 35.5% reported a year ago, and up from 36.2% in the preceding quarter.
     During the 1st half of fiscal 2008, the largest customer, a distributor, accounted for just under 10% of total revenue. Also during the 1st half of fiscal 2008, 93% of total revenue was derived from outside the United States.
     Current consensus estimates call for a profit of 22 cents per share on revenue of $79 million. At the end of the fiscal 2nd quarter, the company was still authorized (under a prior buyback plan) to repurchase approximately 5% of shares outstanding.
     Cats has cash and short-term investments worth $35.5 million or $2.10 per share. Book value is $3.69 per share and the company carries no debt.
     At the current level the stock has a price-to-sales ratio of less than 1 and a price-to-book ratio of less than 1.  (originally recommended on 1/22/08)

7/28/08-  SOLD FOR A GAIN OF 98%. DURING THE SAME TIME PERIOD THE NASDAQ WAS UP 4%.

 

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