Looks like I got another at a great price, $15.91! I'm pretty sure I posted about it here too.
I sent this out Monday to my readers: "With Verigy’s great valuation and expectations for the future look great, I expect we’ll continue to see big gains in Verigy as others learn of its great value. If they simply meet expectations for 2008 of $1,82 a share and get a PE of 15, then we should see $27. Given the growth rate is 50%... it should see $50 just to have a PEG of 1.0…. It seems so obviously under valued to me I often wonder what I am missing. Of course, this is what I said when I bought CACS at 46¢ and 96¢ for the newsletter portfolio back in 2002 and 2003. Sometimes the market really misses these small companies."
It is up some $4 in after hrs... -BIG grin!
Verigy swings to quarterly profit; outlines forecast
By Katherine Hunt
Last Update: 5:57 PM ET Feb 22, 2007
SAN FRANCISCO (MarketWatch) -- Verigy Ltd. (VRGY) after Thursday's closing bell reported first-quarter net earnings of $13 million, or 22 cents a share. During the same period a year ago, the company posted a net loss of $16 million, or 32 cents a share. Revenue at the Cupertino, Calif.-based semiconductor test company fell to $165 million from $170 million. Excluding certain charges related to the company's spinoff from Agilent Technologies Inc. , earnings were $16 million, or 28 cents a share. Additionally, Verigy said it expects second-quarter per-share earnings of 28 cents to 33 cents, or 32 cents to 37 cents on a pro forma basis, on revenue of $170 million to $180 million. End of Story
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