Dave Gore's Trades That Make Sense Message Board

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Strategies & Market Trends : Dave Gore's Trades That Make Sense

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To: Dave Gore who wrote (13114)	9/27/2002 9:41:41 PM
From: mishedlo	Read Replies (1) of 16631

$2 was an off the cuff # without looking at anything. In other words a pat answer. If I said that about TXCC SONS or a bunch of others I would not have even believied it myself. Seriously, two years ago the thought of TXCC trading for .40 would not have occurred to me at all. Without looking why not $2 on VSH? OK I will look. Now don't blow your stack at superficial analysis. But this one looks horrible. 18M in income negative earnings horrible sector oversupply and too much competition on what it produces 1.5B in market cap $2 can be way overvalued Seriously .50 can be expected if this bear drags on too long. I would expect a 50% haircut from here. Actual target $3 At $3 we will need to revisit M Vishay Intertechnology develops, manufactures and markets active and passive electronic components which include resistors, capacitors, inductors, diodes and transistors. For the six months ended 6/30/02, revenues fell 5% to $892 million. Net income fell 81% to $18 million. Revenues reflect the downturn in the electronics industry and downward pricing pressures. Net income also reflects reduced gross margins, higher SGA and interest expenses and lower interest income.

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