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Non-Tech : Kirk's Market Thoughts
COHR 166.62+7.8%3:59 PM EST

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To: Investor2 who wrote (320)7/7/2014 11:41:46 PM
From: Kirk ©  Read Replies (2) of 26448
 
I wonder if BofA read my newsletter?
Subject: UTEK Buy Alert - 150 Shares at $20.50
Date: Wed, 25 Jun 2014 09:55:50 -0700
Hello Subscribers,

I just bought 150 shares of Ultratech ( UTEK charts and Quote) at $20.50 for the explore portfolio. This replaces the "Auto Buy" limit order for 150 shares at $20.25 shown on page 5 of the most recent newsletter.
....

Note how the CEO used $1.28M of his own money to exercise his option to buy 80,000 shares at $16 without immediately selling them for a gain. finance.yahoo.com

This is VERY bullish. I didn't want to let a few dimes prevent us from buying after the CEO shows this sort of confidence.


BofA/Merrill Lynch Upgrades Ultratech (UTEK) to Buy
7:13 AM ET, 07/07/2014 - Street Insider

BofA/Merrill Lynch upgraded Ultratech (NASDAQ: UTEK) from Neutral to Buy with a price target of $31.00.
Analyst Krish Sanka said while they don't expect any near-term catalysts, they are upgrade the stock on improving earnings profile, FinFET opportunity in CY15 and attractive valuation.
On valuation, the analyst notes shares are trading at an attractive 2.2x cash, 1.8x tangible book and 9x CY15E EPS.

client.schwab.com
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