Scott, Jerome and Others,
I tried to make some sense of what has been happening to KLIC and other stocks in the semi- equip universe the last several weeks, but I have failed. I cannot figure it out, but I do have a theory, that may help a little, which I will try to write up and present later in another post. In the meantime, I have put together 2 tables which present some data for the semi-equip action this week, and for the action since this year's NASDAQ low made on 4/14.
The first table is shown at:
Message 13743067
The table shows this week's percent change, next year PE, and sum of next 2 years earnings. The table is sorted by next year's PE in ascending order. KLIC occupies top spot in this table - it isn't even close. With today's close, KLIC's next year PE is 9 - second place in the table is IMSC with a next year's PE of 13. Why KLIC lost 16 percent this week is beyond me!
The second table is shown at:
Message 13743280
This table has the same columns as the first table, but the comparison period of performance is from 4/14 to today's close. Also, the table is sorted by price percent change over that period. I was really surprised by the tremendous variation of price percent change over the period shown in the table. Both the SOX-X and the NASDAQ are up over this period, while the semi-equips are down. Sorted in this fashion, by price percent change, shows the other 2 columns to have no correlation that I could discern. Both the NVLS and TER positions at the high end of the table would seem to make some sense, but most of the stocks in the lower part of the table, including KLIC, would seem to make no sense.
Don W. |
