I have been investing in MTSN for the past few months. Although most of that is shpwing paper-loss right now, my decision was based on the following:
1. Their last quarterly results were way beyond expectations,
2. They are reducing their outstanding shares by buying back some,
3. Some mutual fund managers will not pick up any stock below $10, so MTSN HAS to bring it above $10,
4. While other companies (AMAT and LAM) are laying off people, MTSN is hiring to support their present orders,
5. Management team is really strong - with Mike Morita now heading up their Japan operation they have an equivalent of Andy Grove there!
6. The company has solid customer base and commitments I think they are once again going to exceed their bookings/earnings expectations this quarter.
However, they are the victim of the overall equipment industry downturn. So, I plan to hang on to it, at least until end of October when they announce their results.
So, BUY, BUY MORE NOW! You have nothing to lose, except some gain in 2 months if you don't buy now!! |
