Jerome,
I wouldn't "want" to see UTEK at 15; however, if I do see it there, I'd happily double up my current position. I've kept some "dry" powder waiting for a correction that hasn't come (rather obvious statement).
I believe that sooner or later the street prices stocks based upon their earnings prospects. ASYT seems to have reestablished credibility; SVGI may be doing so now(i.e. - will they really produce 160 extra steppers annually from their Ridgefield plant?); notwithstanding Mr Pang's esteemed opinion, I believe that UTEK will regain credibility within the next 1-2 years. Feature sizes are coming down faster than the SIA roadmap dictates. Companies that are concerned with yield (i.e. - all chipmakers) have no choice that compares with the P-GILD process now available from UTEK. I believe this will be a huge source of incremental earnings - earnings that are not yet on Wall Street's radar. ... and I could be wrong.
Of all the Semi Equipment companies I follow, UTEK, IMO, represents the greatest probability of gain with the least risk of loss as long as one's horizon is 2 years or more. Thus, I would look at any lowering of its price as an irresistable sale.
Some of the above may be sour grapes. I bought ASYT at 22, didn't add to my holdings at 15, and will hold until the story changes.
Best wishes,
Ian. |
