In the 18-20 range I personally beleive this stock is a bargain. Lackluster performance over the past months has dampened many people's feelings towards this stock. UTEK is one of my largest holdings so I am naturally biased.
I am invested in other places where I would have been much better off placing the UTEK $$$ into and then come back at the same price it is now. This is a grotesque set of opportunities lost. However, I have made money in other investments and should not be greedy. I could have had more BUT I am still having a good year. The overall portfolio is up, my health is good, and the weather here is beautiful. UTEK has stagnated (at least I am still in the black and doing better than passbook savings account<G>)
I think what keeps me invested in this company are the technical capabilities and the comprehensive knowledge and proof that UTEK provides a very cost effective solution for all 4 areas they deal in
(scanner/low end 5x stepper replacement, mix/match with 5x steppers, TFH technology and MEMS). It's time will come and the payoff will be dramatic. The newer technologies are icing on the cake to me.
If UTEK performs half as well (and I still believe it is equal to) as ASMLF has done, this stock should see 50 again (ASMLF IPO'd in the teens, went up to the 80s/90s before splitting 2 for 1 and is now 52).
Never in my wildest dreams did I ever think I would see such a dichotomy between the 2 companies. It really boils down to faith in the company, product and management. The delta between 20 and 50 is huge and I should be chastised for using an outrageous number like that. However, I reslly beleive it can deliver that price. Of course, anything in the 30s should seriously be looked at as an exit point.
I am almost afraid of selling it for fear of it running away from me as soon as I sell. I have a list of more than a dozen stocks that I sold at real good profits that ran away much much higher (ASMLF, ASYT, CYMI, ONTK, etal.) UTEK is the company I have the most confidence in of the bunch that ran away. I cannot bring myself to desert this stock. I know too much and maybe that will be my downfall here. Too close to the patient.
UTEK is beginning to look like the neglected Maytag repairman. But sooner of later, this company will awaken in the market and it may soar like some others.
Sorry for the babbling, but this stock is very emotional for me. That, in itself should render my comments above as questionable. I think I am being impartial in my comments, but sometimes we delude ourselves.
Andrew Vance
BTW-Didn't we discuss ASYT awhile back. If so, you seemed to have made the right move by holding on. I sold in the 30s and got back in with about 1/3 of my original position for this last run and sold at 42 today. |
