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Technology Stocks : AEHR
AEHR 26.01+3.6%Oct 31 9:30 AM EDT

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To: Tom Caruthers who wrote (119)8/9/2008 4:47:38 AM
From: Tom Caruthers  Read Replies (1) of 157
 
Well, I loaded back up on AEHR on Friday in the $4.50-4.60 range. There's long term support here, and technically we should see a rebound. I think the stock was unfairly taken out to the woodshed and shot. I was going to wait for a lower support level, but decided to pull the trigger since small-caps have been coming back and AEHR seemed too cheap.

There are some near term challenges, and an upwards adjustment to the tax rate, but AEHR also has $1.90 a share in cash (effectively the stock is trading at $2.70), is profitable, has an enterprise value of only $23M, a solid balance sheet, a good pipeline, new products that are being deemed worthy by world class customers, and is in an industry that is consolidating.

Good luck!

Tom
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