Broadcom reports earnings Thursday December 8th after the close.
It’s gotten big over the years by buying other companies.
Last May Avago Technologies bought Broadcom for $37 billion.
It kept the Broadcom name and the “AVGO” ticker symbol.
The deal closed in February this year.
They are now seeing cost-saving synergies from this deal.
They’re not done making deals.
Last month they said they will buy Brocade Communications (BRCD) for $5.9 billion.
They are diversifying so they are not so dependent on smartphone sales, which are slowing down.
The stock is up 8% YTD but up 865% over the past 10 years.
We are long Broadcom for the next 12 months.
» Subscribe to TwinsTalkStocks: http://bit.ly/SDTTS
About TwinsTalkStocks: Join 9 year old twins, Devin Kalel and Ashay Jorel, as they talk about the stock market. Whether you want to save up for college, buy a new car, make a down payment on a house, save up for a vacation, or just make some extra money to pay some bills, Twins Talk Stocks can help you!
Connect with TwinsTalkStocks Online