>>Teradyne spokesman say on Nightly Business Report, Pacific Rim
problem affect their revenue only 5%
I just got my copy of Infrastructure and signed on to post this report. Einstein beat me to it!
Carl and Teradyne's management are both minimizing the current problem in Asia to a degree. They could easily be exactly right, I'm not being critical, just that what they are saying is slightly more reassuring than I would be. But TER's (admittedly much better informed) estimate of 5%, and my ballpark of 6-8%, are close enough. In either case, Teradyne looks like a nice buy and a definite hold at these levels, unless you just need a tax loss. You can get similar bargains in other stocks, so I wouldn't hesitate to sell for a tax loss and replace the Teradyne with Electroglas (Infrastructure also seems high on this one) or perhaps K&S (I wouldn't do it, myself). But I'm holding my Teradyne, personally, although I could use the loss, since I already have enough EGLS.
Of course, you can sell it and rebuy it in 31 days if you think the recovery will take that long, but I'd hate to try to time this one. It could be one week or a hundred weeks. I assume everyone knows that you can't take a tax deduction for a capital loss if you rebuy the stock within 30 days (the "wash" rule) -- you merely adjust your basis. |
