Tuesday, January 29, 2008

NNDS Releases Great Results

One of my recent investments, NDS, released great quarterly results. With a record of rapidly growing earnings and free cash flow close to stated earnings, I think this firm deserves a higher P/E ratio. This is the third quarter in a row that the company has beaten analysts' expectations substantially. Maybe they'll finally get it and bid the stock up. On the other hand, RBC recently upgraded the stock to a "top pick", which can't hurt :) The company is a subsidiary of News Corporation with around a quarter of the company owned by other investors (Yahoo's number are all wrong) that develops television related technologies.

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