Cohu, Inc. (COHU) Message Board

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Technology Stocks : Cohu, Inc. (COHU)

COHU 25.16

+0.7%

3:59 PM EST

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To: robert b furman who wrote (6608)	11/6/2018 11:21:32 AM
From: robert b furman	Read Replies (2) of 7827

Cohu reports 30 cents actual vs estimated 40 cents 10 cent miss (with 5.1 million of expense so far for the merger about 12 cents). Notes indecision in China regarding Capex and continued slowing of mobility chip production. Report excludes any contribution from merged Xcerra which was concluded on 10/01/18. Q4 guidance with full combined Cohu with contribution of Xcerra is a range of 168 million to 183 million - midpoint of 175.5 million 22 % ebitda = 38.61 million my swag = stock compensation of 2 million, severance and relocation 1 million, taxes modeled at 20% = 7 million for net income of 28.61 million on 42 outstanding shares = 68 cents by my back of the envelope x's 4 quarters = $2.72. Very close to Don Wennerstroms first updated estimate of Cohu's combined earnings of $2.77. for 2019. That miss was met with very negative selling this morning - a gross over reaction , but it has generated a huge volume spike trading over 600 million shares in the first 1 hour and 15 minutes. Update volume = 743,000 - slowing considerably as of 10:15 A stock trading at 18.00 ish making $2.72 PE of 6.6 - Yup I'm scared sell everything. The larceny of Wall Street.

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