Cohu, Inc. (COHU) Message Board

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Technology Stocks : Cohu, Inc. (COHU)

COHU 23.94

+2.9%

Nov 7 9:30 AM EST

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To: robert b furman who wrote (7391)	6/2/2022 9:47:19 AM
From: robert b furman	2 Recommendations Recommended By Runomo™ the longhorn Read Replies (1) of 7822

Slides for investor presentation are presented on Seeking Alpha : Quite a powerful display of growth targets. Moving outsourced production to in house facilities is moving the needle on margins, now aiming for 49%. New systems sales all averaging 13 to 15 percent CAGR. Recurring revenue now in 50% plus margins as insourcing pays off - with CAGR of 3 %. Old target of 1 billion in sales anticipated to occur in 2023 looks to be close to moving up to late 2022. Q 2 upper guidance comes in at 221 million, with historical seasonality the strongest in Q3. Model targets $4.00 per share EPS and EBITDA at a lofty 26% with free cash flow of 180 million, on 49.6 million shares = free cash flow of $3.60 per share. That leaves a lot of room for complete debt elimination, stock buy backs and resumption of dividend. Cohu is entering the conservative cash cow mode, even when new system sales trough out. An installed owner base of systems at 23,500 to keep running 24/7/365 with a global service foot print creating margins over 50% is a model first seen in AMAT and then Lam and then KLAC. The future price of this company is going much higher or it will be gobbled up by the above mentioned semi equips, who could find huge economies of scale with their global service footprint . Add to that potential suitors of TER and ADVANTEST. We're going up when they report sales in July and guide for Q3 2022! Enjoy the presentation. There's a triple in this stock! Cohu's now long decline of almost 50%(since February of 2021 at $51.86) has removed a lot of weak holders. This next rise will have long legs and run to ATH's. IMO seekingalpha.com Bob

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