Helix Technology, a cold play on semiconductor equipment Message Board

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Technology Stocks : Helix Technology, a cold play on semiconductor equipment

HELX 35.15

+0.1%

Nov 4 4:00 PM EST

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From: mopgcw	9/28/2004 2:36:50 AM
	Read Replies (1) of 1227

Sidoti: HELX Valuation Remains Attractive, In Our View, Despite Re 2004-09-27 08:41 (New York) Helix Technology Corporation (HELX - $13.23 - BUY) HELX Valuation Remains Attractive, In Our View, Despite Recent Evidence Of Near-Term Industry Slowdown; Maintain BUY Rating, But Lower Target To $21 (From $22) Our new price target of $21 is based on 14x our revised 2005 operating EPS of $1.27 (down from $1.39), plus $3 per share in projected cash. We do not view the apparent 3Q:04 semiconductor industry slowdown as an indication of an impending cyclical downturn. However, given recent evidence of slowing industry growth, we lower our 2004 and 2005 revenue estimates to $175 million (from $180 million) and $208 million (from $218 million), respectively. In our opinion, HELX shares are attractively valued given the company’s solid cash position ($2.75 per share) and strong cash flow.

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