lml, actually, I am slowly turning positive on IMPX, I see a potential multibagger like I had in GATE. My reasoning is very simple, while their formal book value is just under $.5/share, they have cash to operate for few additional quarters without major crunches, and their true book value is probably more like $4/share. I think that the replacement cost of their fully depreciated foundry is well in excess of $100,000,000 and that does not show as value on their books. The problem is that technically IPMX is still weak, and as I have stated a number of times on other threads, the semi segment is going to go through very rough times over the next six months or so, and until enthusism for the sector comes back, I do not see any major move. But, if I see a capitulation move in this stock, or major signs of accumulation, I would be jumping.
Zeev |
