JL. I was hopping that Stitch would come by and give us an insight as to RDRT's competitiveness. The last two years of carnage have weakened RDRT balance sheet quite a lot, and unless one has visibility of very large cash flows in the near future, I fear they may end up like APM. We are getting toward the end of a major move in the NAZ, and once we get into a major retrenchment from here, it would be a better bet (if it does hold above $3 to $3.5) to get in, IMHO.
As for WFR, we are in the middle of one the biggest cyclical ups in the chip business, but the wafer makers are still complaining of lack of pricing power and as a result, losses. I said at the time that the best I expected was a rally to $20 or so, we got it twice so far. Maybe WFR will finally get to some earnings, but then we will have Veba unloading their shares (either in one chunk or all at once), thus WFR is not one of preferred plays right now.
Zeev |
