Jerry, it's not like I'm bashing a stock that's already down, I have been saying it since the stock was in the $15 range.
They are doing a great job in the strip market, they learned a good lesson from MU and I'm sure they will not let it happen again.
But what it comes down to is....what is going to generate revenues for MTSN looking forward. At this point, even if the industry didn't have a downturn, the STRIP business would not be able to sustain the growth they had in 1995.
Yes, they are planning on coming out with a new product every year, however, so far they are 1 for 3, with results pending on the etch product.
So, that's why I have a negative bent on this company at this point, if things turnaround, I will be their to jump in. Till then I see an investment in MTSN as dead money for the reasons above and the market slowdown.
The next quarter is really the first quarter that semi-tool companies will come out with poor earnings, and i am expecting at least 2 to 3 more after that.
Again, just my opinion
dave |
