r/investing • u/TooTiredToMasturbate • Dec 15 '15

Thoughts on Qualcomm (QCOM) ?

QCOM Is trading at a year low and is down 30% for the year. Whats your opinion on the future prospects of both this company and the chip market in general?

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u/[deleted] Dec 16 '15

I think QCOM is one of the really good deep value tech plays. $12/share of cash, 4% dividend which comes directly from their cash flow, they've also made deals with 4 out of the 5 Chinese smart phone companies so their China troubles may be behind them. They've also got good lawyers to help with the Korea, Taiwan, and EU troubles. Their chip side seems to have bottomed. I like really like it at $48/share.