Cymer (CYMI) Message Board

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Technology Stocks : Cymer (CYMI)

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To: Apple12 who wrote (8729)	11/7/1997 10:50:00 PM
From: Douglas W. DeVries	Read Replies (1) of 25960

Apple 12: Great Post, especially the last sentence. "I view Cymer as a tremendous investment, a long term investment." In that vein, I like most of the other longs wish that I had waited until now to invest in this company. This short-term pain has indeed been difficult to tolerate. (I bought some more today at 21 1/2 and I will continue to buy more until this stock makes its about-face.) I know we have heard this over and over, but we all need to take a deep breath and take a long look at where this stock is right now. The conference call to report third quarter earnings was extremely positive. We have every reason to believe that earnings are currently accelerating at an attractive rate, i.e. "significant orders received since the close of the third quarter." Based upon the numbers previously reviewed on the thread I would put a high probability on the Company earning $ 1.50 per share in 1998. Right now we have a forward looking PE of 14.50 for this stock using this number. I don't see a lot more downside from these levels. Any short interest has to be extremely jumpy right now. When will they cover? Who knows for sure? All I know is that I hope that the short interest is real high again two years from now when this stock is trading north of $ 150 per share. I've noted the complaining and frustration with Cymer management over their promotion strategies and their fumbled exit from the Needham conference. I'll evaluate my decision to buy this stock "too early" in two years. I'm willing to wager that two years from now I'll be glad for the Needham pullout because without it I probably would never have been able to purchase the stock at these levels. UNCERTAINTY = OPPORTUNITY (When the fundamentals are in place.) LONG ON CYMI Doug

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