Fred,
Sounds like you've made a pretty good killing on GATE so far. All of the issues on DRAM you have discussed are true (you can check my previous posts, but they say the same thing). Basically, earnings are soaring, and I think most people have yet to discover GATE for what it is--a solid, growing company with a good image, innovative management, and a loyal customer base. For the earnings growth it is expected to have, it would seem that GATE should be trading at much higher multiples, probably at a price of around $60.
BTW, if it does in fact go to the low 40s, it's a steal! You could easily see a 50% increase in only a quarter or 2.
-Brian |
