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Technology Stocks : Elantec Semiconductor (ELNT)
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To: Outer-limits who wrote (296)12/17/2000 1:16:34 PM
From: Dave Gore  Read Replies (2) of 329
 
Mr. Ephraim Kwok is the CFO. Check out the link BELOW for tons of DD.

PS-- I am certainly not naive but I have not seen lots of big blocks of selling come across L2 the last week or two. Mostly smaller trades indicating to me that it's the day- and intermediate trader that are mostly panicking out now. This could go to 20 but at a PE of 13 on next year's consensus earnings right now at $27 per share (ESTIMATE of $1.96eps per Zacks), I think 20 would be a really great buy. Of course, I think 30 is a great buy but it could go lower before it goes higher. I am watching for fund managers to start buying again, then we'll know. If you don't have L2, you are operating blind.

PS2- I also do not think they would leak info because the SEC would think it was very "fishy" to see a stock drop so strongly right before an warning came out. They can easily monitor who sold prior to the "tank." They are very serious about enforcing this rule apparently.

REGARDING ELNT's BUSINESS
One good thing is that not only are they in very hot sectors like CR-RW, DVD, and optical storage but DSL is only about 11% (from what I have seen) of their revenue so even though that has been a weak area in the news lately, it is a small area for them compared to the robust sectors they are in.

Don't get me wrong, there are real short term risks, but this is also getting so cheap that the risk is becoming less every day. Many I believe are watching to pounce on this at 19-22; hopefully it won't get that low, but if it does, I plan to have cash ready to average down because I almost always average down in a fundamentally sound stock that I believe to be undervalued.

LINK TO MUCH MORE INFO:
biz.yahoo.com
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