Jim, I am glad to see someone saw the merits. SEMI is a mediocre company I have been in and out of for nearly 15 years, with management I do not much care for (arrogant, family-run, self-serving and not shareholder friendly). However, every few years it is a cigar butt that is well positioned, with high visibility and predictability, to make a buyer a lot of money without a lot of risk. You just have to remember not to "marry" the stock.
Note that the insiders saw it coming, granting themselves a lot of options at $2, earlier this year. The Goldbergs own 10% of the stock though, so they have to be somewhat on our side of the table - although you would not know it.
Disclosure: I personally have bought the stock this time from the low $2's to $5.00, and have been publicly recommending it from time to time since about $3.25. Since I bought a fair amount near $5, my publicity probably cost me some money. However, I learned on FARO that getting some people with money involved early really paid off down the road - having low cost positions from which to add on pullbacks. |
