Cabot Microelectronics -- CCMP Message Board

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Technology Stocks : Cabot Microelectronics -- CCMP

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To: Jack Hartmann who wrote (11)	8/21/2000 3:59:12 PM
From: michael modeme	Read Replies (1) of 35

Big write-up recently in IBD about CCMP. They stated that there is a large amount of accumulation by some A+ mutual funds over the past week or so. They also ranked CCMP the number 1 tech stock out of ALL tech stocks! This was based on the regular IBD measures of earnings growth, relative strength, etc. Apparently some of the larger semi. equips are in the process of making deals with CCMP, as their slurry is supposedly the best. After I read all of this I checked out the fundamentals and chart for myself and ran my own mathematical model. Everything checked out quite well. Although my model didn't put CCMP at the very top, it ranked in the top 1% on a fundamental basis. (my model takes in account earnings growth, earnings acceleration, revenue growth, revenue acceleration, P/E, P/S, and momentum of stock price normalized by volume) End result: I was convinced, and bought today. I didn't put a huge % of my portfolio into it since CCMP is still a small company with a high amount of variability; but I did put enough such that it is now 4% of my portfolio -- a substantial chunck for me (my motto is "diversify at all costs). That's my 2 cents. Cheers

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