SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : AVX and KEMET, two major capacitor co's
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Labrador who wrote (57)6/27/2000 10:38:00 AM
From: Czechsinthemail  Read Replies (1) of 60
 
from Merrill Lynch:

..."we reiterate our Buy ratings on passive component makers AVX, KEM, and VSH. Over the last few weeks, the stock prices of these three companies have corrected severely despite significant increases in EPS expectations. Apprehension over slowing demand for wireless handsets has added to investors concern in recent days that the capacitor industry will soon see supply catch up with demand. Investors have also focused too much on pricing momentum in our view, which will of course slow down as incremental capacity is added in coming quarters. However, it is important to remember that unit increases can be just as powerful on profitability levels as fixed costs are leveraged."

"Our most recent field checks lead us to believe that the wireless boom continues at a rate that will continue to be very beneficial to AVX, KEM, and VSH over at least twelve months. We believe that current capacity additions in Japan are not across a broad array of capacitor products but instead focused on products required more by Japanese consumer electronics makers, which are typically the smallest sizes of multi-layer ceramic capacitors (MLCCs). Also, despite these additions, we continue to hear examples of major electronics OEMs in Japan contacting U.S. makers of capacitors for additional levels of product, which was unheard of in recent years. We think our current quarterly and forward twelve month EPS projections for AVX, KEM and VSH should prove to be conservative."

messages.yahoo.com
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News