I wrote this on the Yahoo message board.
Although I have been silent for nearly 2 years, I have been quietly accumulating more RMTR stock given the postive changes in the end-demand for their products and the development of the MaxArias line.
Although the IBM foundry represents some short-term uncertainty, I think that the Texas Instruments foundry experience has demonstrated that this process is not Fujitsu specific, but portable, and that the current team at RMTR has the depth of knowledge to get their process to work at other fabs. I view the recent management changes as positive as Mary Chu seems to have the specific operational skills and background we need at this juncture.
From a technical standpoint, when we hit $3.10, we will have closed the gap set in late July and we will be at the bottom of a trend channel started in the middle of 2009. I am not sure what the catalyst will be, but trading at a little over 1x current sales, when the industry is closer to 2, and many of the semis I follow are 2 and higher, and given the projections of growth (assuming they can get supply on line - which appears to be simply delayed, not on hold), I think we are heading into a 2-3 year period of rapid growth of both the company and the stock. I see RMTR as potentially a $20 stock in the next 2 years.
Don't say I didn't tell you!
Tom C. |
