If Piper is right about FSI booking $100m this quarter, then this stock is going to go a lot higher than $24 next year. If you don't think that the semi equipment companies are going to do well over the next few years, than you should buy puts. But, now that we have some information regarding FSI and its bookings, now we can get a better gauge on where we are going.
If FSI does book $100m this quarter, that is not bad for a first quarter considering the company only did about $260m last year.
Additionally, since when have analysts been right about their target price on a stock. If FSI does $300-$325m this year, look for the EPS to be around $1 to $1.10. And, 1999 should even be better than 1998.
I can't believe I am saying positive things about this stock. It has lagged so bad compared to its peers. However, with the announcements on bookings, and the forcast for the industry, you will definately see FSI go higher. It may pull back briefly to $20. But, onece earnings come out in a few weeks, it will start to move higher again.
PS. The stock went higher today and I did'nt even say I was selling. |
