TGAL -- This one has sure had a nice steady rise since the new year arrived. Here's a newsletter write up i came across for this one. --Coz
"Our top stock pick for 2001 is Tegal (TGAL 2 3/16 NASDAQ NM), a small but established designer and manufacturer of semiconductor etching equipment," says Nate Pile (Nate's Notes, P.O. Box 667, Healdsburg, CA 95448, www.natesnotes.com, 12 issues, $150). "Tegal has been targeting a number of niche markets in the fast growing areas of telecom equipment, smart cards, personal computing, and wireless communications, and orders have begun to ramp up sharply in recent months. However, due to the extraordinarily high levels of tax-loss selling we saw in the market at the end of 2000, none of this good news appears to have been factored into the stock price yet. This creates a wonderful opportunity for investors willing to buy the stock now in anticipation of these orders showing up on the income statement when the machines actually ship later this year. While many investors have lost the nerve to invest in `risky tech stocks' after the drubbing they took last year, we believe it is during times of great pessimism that the most profitable purchases are usually made. Given the recent string of new orders without much movement in the stock price, we are aggressive purchasers of the stock at current prices and consider the stock a strong buy under $4 and a buy under $8." |
