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Technology Stocks : Lam Research (LRCX, NASDAQ): To the Insiders
LRCX 159.33-1.8%Nov 7 9:30 AM EST
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To: Proud_Infidel who wrote (5572)10/12/2006 10:12:59 AM
From: Kirk ©  Read Replies (3) of 5867
 
"These people who have had sells on Lam now need to come up with reasons why they are still bearish, so as to not look foolish."

I was checking my records yesterday for an article I wrote about Lam. I first recommended it as a good deal on Suite101 back in April 1998 and I remember you and I were behind the stock here... I was fortunate enough to have saved money to buy at $4 and $3.33 a share later in 1998... So... by now, you wonder why the analysts don't read this forum and forget about the short term noise?

"cash flows provided by operating activities were $216.6 million during the quarter."

$212M in cash from "only" $604M in revenue is simply amazing.... I've thought about getting out of stocks some to diversify into perhaps a SBUX or some other franchise... but do they generate 33% in cash without debt in excess of cash on hand? LRCX has a market cap of $6.7B. At its current rate, it generates about $866M in cash or about 13%! You just have to love this... but I guess they should pay a 4% dividend to make it really valuable to shareholders... The only other negative is they are growing share count through options dilution... if the stock was really cheap, you'd think they would shrink the shares outstanding. Perhaps they save this for a weak quarter to meet EPS?
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