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Strategies & Market Trends : Z Best Place to Talk Stocks

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To: Kelvin Taylor who wrote (50933)2/6/2004 9:13:37 AM
From: DanZ  Read Replies (2) of 53068
 
VSH increases guidance.

InPlay: Vishay reports in line; guides Q1 above consensus

8:40AM Vishay reports in line; guides Q1 above consensus (VSH) 21.93: Reports Q4 (Dec) earnings of $0.09 per share, in line with the Reuters Research consensus of $0.09; revenues rose 23.5% year/year to $567.2 mln vs the $555.3 mln consensus. Co sees Q1 revs up 8-10% from Q4 (approx $612.5-623.9 mln) and EPS up by at least $0.50 (approx $0.14) vs the Reuters Research consensus of $557.9 mln & $0.11 repsectively.


Stock bid 22.71 (up 78 cents) in the morning session. Looks good. I'm not selling yet. As I said, I expect this company to beat the estimate this year. I still don't think that the stock is worth its current multiple, but short-sighted people will look at their 50% growth over last year and conclude that the stock is cheap. I also think that the SOX will attempt another rally. Even if it has seen the high for this cycle (not certain), it most likely won't go straight down after being in such a strong up trend the last 15 months. Chart-wise, a move in VSH back above 22.50, which is where it broke short term support two days ago, would be bullish and could bring in those who trade on technicals. This stock also has a relatively high short interest, which could add fuel to the fire. By the way, these are some of the reasons that I covered my short before the earnings were released.
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