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Is Qualcomm stock still a good investment?


Is Qualcomm stock still a good investment?

Um...I'm gonna say it's pretty expensive right now...trading near it's 52 week high and a P/E ratio at almost 29. But could QCOM go higher? I'm gonna say yes even tho some of its valuations tell me otherwise (forward p/e ratio lower than trailing p/e). Good business and good management...plus they have their greedy little hands in so many places other than phones that they are bound to hit one out of the park. And based San Diego...who doesn't love SD? Go for it...buy.
http://finance.yahoo.com/q?s=QCOM

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