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MagnaChip is a super cheap chip stock, selling at just 5 times forward earnings, says Mad Money’s Cramer. The company could stand to profit from the new Samsung Galaxy, and is a terrific speculative way to play an orphan stock with a ton of potential, but only at the right price, and “right” price means $7.75/share or less.
With a reach of over 400 million CNBC is ground zero for traders and investors monitoring the financial world.
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With a reach of over 400 million CNBC is ground zero for traders and investors monitoring the financial world.
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