Top Stock Under $10 – Mindspeed (MSPD)
“Buy Below” price: $7.75
Picked by: Nancy Zambell, editor of Treasures Under
Strategy: Fundamentally strong yet undervalued companies of all sizes
Focusing on communications, Mindspeed Technologies (MSPD) designs and develops semiconductor solutions for communications companies.
MSPD stands to really benefit from the strength of the tech sector and could see a leap in shares once consumer spending improves. Its top customers
are household names that read like a “who’s who of personal electronics” listing: Alcatel-Lucent, Cisco, Ericsson, China Telecom,
China Unicom, Nokia, and Nortel are just a few.
Mindspeed has seen an impressive return to profitability over the last year, topping earnings expectations by 100% in the third quarter as it broke
even and topping estimates by 17% in its latest report. Now that the company is back in the black, I expect Wall Street to take notice and send shares
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