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Mentor Graphics’ Market Comeback

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  • Description

    FBN’s Charles Payne on why he is looking to Mentor Graphics as a hot investment right now.

  • Duration 2:55
  • Date

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This transcript is automatically generated

More money more money more Charles it is trying to make -- -- Charles painted today is looking.

At one very old tech name that suddenly is new again yeah yet aren't talking about Mentor Graphics and we remember Lewis is a hot stock you know but then again these graphic -- -- -- companies.

Do you know they go through their moments in this company is coming back into electronic automated design.

Software and the hardware side -- -- fiscal year throughout last fiscal year ended January 31 -- a record amount revenue for some expected billion dollars.

Girl strong bookings -- -- the book is manufacturing thermal analysis -- software.

Because -- -- -- stock -- to pull back a little bit I think that's creating an opportunity force here now near term.

We're looking at some resistance at 1470 but -- real big test on the upside comes at sixteen dollars.

316 and I think the stock is on its way about -- -- -- -- -- percent but I think it has released room to twenty ultimately.

Let's move -- in -- you told us on this program.

Get rid of this one get out of it looks like.

You were not actually would we we we want long it on June 20 not a lot unease -- this alert today wanna things I wanted to do -- I want this space a lot but it can be extraordinarily volatile so anyone who was watching the show that they might have picked it up.

You know they probably got a -- -- and a half dollars.

Good trade in almost 10% so 10% less than a month.

In an issue that's a lot Charles.

And let's and I wish we weren't in this environment guys I really do I -- great companies that have to see this stock go down because Italian bond auction -- go off well I've really do but in the meantime.

If I can make someone 10% three weeks you know what I'll take it right for the moment although -- death that would -- quote unquote invest in should be about.

You can't change the rules and -- -- -- these guys who I don't wanna be right the markets wrong and -- -- of people bunch of money in Bolivia it is real tough these days anyway trying to.

We try to do this in this sort of environment which is a better pick Mentor Graphics now or you -- when you said -- -- -- before rose 10% probably in big short term meant to long term.

Not evident that that if -- today had a pretty good.

A question or create you know mark -- out of the top of the show and he you know he said basically that we should not be stock picking he says that you should.

You know vital for the long term be diversify kind of -- strategy and this isn't like that works and.

This doesn't you know what all billion of you buy and hold General Mills and IBM and those kind of things I think you'll be okay but though overall the overall -- -- the overall market where you know people look at their 41 K is where they were eleven years ago twelve years ago you know so.

You gotta kind of mix it up and again you know I wish we were in the world we can buy and hold the stock for three for twenty years.

I don't know that's all levels where they -- but because we kept saving at the worst part of the downturn actually our retirement accounts and have recovered much more but the stock prices general they were to occur slowly work our overall accounts are gonna come back far better far better but not to the point weren't you know -- -- got ten years' worth of -- yet -- -- people see thank you very -- and Charles paying.

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