Hey Fred,
I looked at that e-mail, it seems ESIO is finally being affected by the tech downturn. However, the valuation is very reasonable, so I'd say downside is limited. If we do get a break to 25 or so, I'd aggressively add to any position. What is nice is that ESIO's tools allow for the manufacture of the most advanced components, and advancement is what tech is about, thus if we are to continue climbing the tech curve, ESIO is a vital part of that.
The latter half of next week may be ugly with AMAT's and BRCD's earnings. I am mostly cash, after nibbling on a few issues today, and if ESIO does break under $30, and that has been steely resistance, I will join you as a shareholder. (again)
Really ESIO, VECO and NEWP are my favorite tool suppliers for their diversity of customers and markets, good management and very reasonable valuation ratios. I am looking to enter all of them.
The marco theme of advancing the limits of technology is still in effect, and these are great ways to play it.
Sorry for the late reply,
Tom |
