Avago Technologies (NASDAQ: AVGO ) is a Singapore-based semiconductor
components maker that just boosted its revenue forecast and enjoyed a 10% pop in
its stock price Wednesday. Does this make it a good addition to your investment
portfolio? The 10% rally in its market value is the most since its August 2009
initial public offering. On Wednesday, it announced that its fourth-quarter
revenue could be $633.2 million about $12 million more than the average analyst
estimate. That $3.23 rise in Avago's stock price (on 247 million shares
outstanding) represents a $66.30 increase in Avago's market value for every
dollar ahead of fourth-quarter sales expectations. Is that big rise too much to
make Avago shares a good investment? Here are three reasons that you might still
consider buying the stock: Great earnings reports. Avago has been able beat
analysts expectations without fail and has done so in all of its past five
earnings reports . Increasing sales and profits and cash-rich balance sheet.
Avago has been
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