Clearly I have no idea what I'm talking about, ace.
And neither does an industry group (The IEEE Components, Packaging and Manufacturing Technology (CPMT) Society) which awarded Scott Kulicke, CEO of KLIC, its 'Electronics Manufacturing Technology Award' less than a month ago.
"The CPMT Society selected Scott Kulicke for this award in recognition of his leadership and vision in transforming his company from a premier wire-bonding supplier to a global leader in semiconductor interconnection technologies, and for continually shaping the company to respond to emerging market needs," said CPMT Awards Committee Chair Rao Bonda, Ph.D. kns.com
So on the one hand we have you presenting all these seemingly horrific statistics about KLIC's cash burning, book value, blah blah blah...and then we discover the TRUE FACTS behind your supposedly 'facts not [my] opinion': that during the PRECISE period you reference the company was transforming itself, 'from a premier wire-bonding supplier' to '...a global leader in semiconductor interconnection technologies.'
THOSE are the facts, not my opinion. The transformation is why, on the one hand, the book value etc. of the company has languished of late - an OBVIOUS statistic for all investors to absorb over the past 5 years - while the stock performed so well last year (3rd out of 35 equipment stocks tracked by Don Wennerstrom).
'Dude', the term 'blood' refers to BOTH companys' balance sheets AND the pain present in the equipment investors' universe. Get it? So YOU may want to ignore the fact that KLIC is only ~10% from its 52 week high, you may feel that the stock 'should' be doing XYZ, or you may feel comfortable lecturing us about what the 'problem' is, but there is a certain problem with your OPINIONS and the reality on the ground. Investors in KLIC, clearly reflecting the stance of the awarding committee of that industry group, see a huge payoff ahead for the extensive investments made by KnS over the past 5 years. You may choose to ignore the upgrade stats I cited in my post (7 upgrades, 0 downgrades in the past 5 months), perhaps believing there is a rampant conspiracy of ignorance amongst these investment houses to blind themselves to the data you present.
That's fine 'dude'. You would not be alone on SI believing you know more infinitely than the hoi-poloi, including all those slobs at Merrill, Wells Fargo, Robbie, Prud., S&P, Van Kasper, and Harkness. Clearly, YOU are the only one on the planet to study KnS' balance sheet and YOU are the ONLY one who knows the REAL inside poop. And YOU, as opposed to most objective folks analyzing the KnS' prospects, feel examining the balance sheet in a vacuum, and not in the context of the investments made since 1995, is the ONLY means to judge the company.
Thus seven analysts and an industry trade group are clueless and SemiBear has broken through the fog to see the 'real' Kulicke and Soffa.
Do I get it?
Indeed! |
