Nibble on This Mouse Maker

Logitech (LOGI) is a leader in peripherals associated with computers, television, digital music and video games. In fact, I'm typing this article using a Logitech keyboard and mouse. Both earnings and the shares soared when the economy was booming from 2003 through 2007: The stock peaked at $37.18 in 2007 when earnings per share came in at $1.23.

The company is debt-free and was holding treasury cash of about $476 million, or $2.91 per share, at the end of March. The company posted EPS of $0.59 for its most recent three quarters. Consensus views for fiscal 2012 (ends March 31, 2013) range from $0.80 to $0.85, putting LOGI at a reasonable price-to-earnings ratio of about 13x. If you backed out the cash from Thursday's $10.44 closing quote, you'd be at less than 9.5x the low end of current-year expectations....242 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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