At $1.14 and with a P/E of 1, the market it not betting on much of anything. Nor does anyone suspect that the company can compete long term with Cisco and Hewlett-Packard (HPQ). So there can only be a surprise to the upside.
That said, considering that the downside should be limited from this level ALU just might be enticing enough on reasonable assumptions to expect a share price north of $2 by the end of the year.
At the time of publication, the author held no position in any of the stocks mentioned.This article is commentary by an independent contributor, separate from TheStreet's regular news coverage.