HMT Technology (HMTT) is a supplier of high-performance thin film
disks for high-end, high-capacity hard disk drives.
This stock came out as an IPO toward the begining of MArch at a price
of 10. It traded around 10-11 for a couple weeks then POW! On 4-8
it gapped up 1 1/2 pts to 12 1/2. On Monday 4-8 Robertson Stevens
gave it a BUY. They had alot of VERY favorable things to say about the
company.
What I find very exciting is that the stock is barely followed, it has
ballistic earnings and sales growth and one can pick it up at a
trailing PE of around 17!
Take a look at the past 4 Q's!
EPS: (.19), .07, .35, .57 (12-31)
SALES 14.8M, 28.6M, 44.4M 56.4M
Their number is (510) 490-3100
It is not often that a stock like this is found. In a normal climate
this stock, with its sales & earnings growth, should have doubled to
20 on the IPO. This stock will not stick around at the 12-13 price
for long, in my opinion.
Would love to hear your comments
Ken |
