Sparky - I think you are a contrary indicator here - everytime you start complaining about FSII the stock seems to surge a few days later <g>.
In all seriousness, like you I'm disappointed this one has not moved. But if you do your analysis, and have faith, in the long term your convictions will bear you out. It sounds here like you have lost faith in FSI and thier management, and if that is the case it is best to move on.
I'm still a believer, however. I spent a lot of time looking at different companies that I could have invested a lot of money in which were in the semiconductor equipment manufacturing sector. I choose FSII because of their technical nitch and expertise, their financial strength, and the understanding that sooner or later this sector in general will recover, and with it all the boats floating in the lake.
You must have faith in your holdings, or you will go crazy - and the only way to have faith is to study them until you feel comfortable enough to commit a sizeable amount of money into the shares.
I bought Elan at $4.61 in 1990 and it went no-where for quite some time. I was disappointed, but held. Today it is at $47 and change - my first 10 bagger. Ditto with Photronics - I bought at $6.31 in 1991, held even when it went sideways, and today it is at $49 - a seven bagger. And a slew of double and triple baggers: Columbia/HCA bought at $12.40 in 1992, today it's $39. Inacom bought at $12.43 in 91 and it is now $32; bought Gehl at $8.25 in 1991 and today it is $17+. More recently bought Medeva at $7.11 in 93 and it closed at $17+, Southern Electronics at $5.50 in 95 and closed today at $14. At one time they all have disappointed for one reason or another, but I held because they are quality companies that are growing.
What's the point here? Buy good companies that are undervalued, if the story does not change hold until the value is recognized, even if that may be years later. Value will be recognized, no matter how bad an Investor's Relations Department is.
I think there is value here, just like I thought there was value with ELN, PLAB, COL, INAC, GEHL, MDV, and SECX. I plan to still be a FSII shareholder in the year 2000, waiting for the stock to break $60 instead of $16. Keep the faith and you will be amazed how well we will do with FSII.
Just my opinion.
Best - Joe
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