Short Idea: Symantec on 4/30/2008
Price: $500.00
Add to cartSymantec (SYMC—$17.43) has been range bound for some time despite having three very good businesses, a great mix of revenue and growth prospects, and what appears to be a fairly low
valuation. However recent inputs from customers suggest that company fundamentals continue to deteriorate. Based on recent management presentations we suspect there may not yet be a full grasp of the issues at hand or a clear plan to address them. Our fair value estimate the shares is $14.