Taking a longer view19 Aug 2014 17:15
CARCLO
For what its worth:
The CIT division (just 5% of revenue and smallish net loss) had been driving the price for ages on the hope of rapid growth. After the news announcements on 6th Feb and 1st May sp fell from 260 to 180 then to 130.
After the May news, the market overreacted and CEO & CFO later bought about 74,000 in total at rock bottom prices - about 111 to 114. (18th June).
The other 3 divsions form the backbone of the business. CIT is the cream, now priced in at, in my view, close to zero. If Atmel does well with Xsense, then the sp could move up quickly as this new market has a lot going for it. 'Atmel XSense Recognized as Transforming Industrial and Technology Applications'.
http://www.digitaljournal.com/pr/2016963
I note that the Board seem to be committed to a policy of 'underpromise and overdeliver' after a period of far too much 'jam tomorrow'. In my view the CEO is a wysiwyg and a no nonsense person, right age and experience, motivated with a good team.
After several months watching this company I took a small position at 115 and will hold for a year or so. I hope/ expect a double. -