Sorry but I have to disagree with the singling out of Fsii as the dog. Lets take a look at the entire Sector and you will see that they (Amat, Nvls, Lrcx,Klac,Sfam etc, etc) are around 50% off there highs and heading lower as we speak. Fsii is one of the first to come out and say "Asia is a problem", We missed our #'s, because of Asia. Do you think that the Fsii mgmt is the only mgmt to get blindsided by the Asian debacle. What Fsii has done, is invested a lot of $$ to prepair for $600mil in revenue, and obviously due to Asia that goal has severely impacted. Make no mistake about it the rest of the Sector will be announcing the same, some less, some more.
I made a lot of $ on Fsii on its 10 to 20 move this year and have recently sold off 95% of my holdings in this Sector.
Now, the real hard part to figure out is how bad is it going to get. Fsii in MHOP could be a great buy here if things were to turn around, especially as a takeover candidate. The point here is don't take down Fsii mgmt, I'm close enough, to state that I have total confidence in them to start buying, IF I thought that this crisis was to sort it self out in a reasonable period of time.
Merry Xmas to all. |
