All: After weeding through the entire thread....
1) I think the treatment the analysts are getting is unfairly harsh. I was on the conference call, and I, for one, didn't get the indication that the analysts were disgruntled over Cymer's solid quarter. And contrary to the popular belief on this thread, the analysts were NOT wrong in downgrading Cymer--after all, the stock is down (slightly) from where they lowered their ratings. Further, consensus estimates were 21, which was dead-on (including lowballing) to the actual of 23 cents, so I don't understand why they could be considered "wrong" in their analysis. I also believe that they are quite knowledgeable about Cymer's business/fundamentals.
2) While I believe that Cymer had both a very solid quarter and a very positive conference call, I think calling them "spectacular" is a bit of an overstatement.
3) There is definitely no assurance that CYMI will trade up tomorrow. While I think it will, I certainly wouldn't be surprised if did trade down (esp if the overall market is weak tomorrow). On the other hand, seeing a huge runup tomorrow wouldn't be no less of a surprise. I think it's wide open; we'll see tomorrow....
Sal |
