Cohu, Inc. (COHU) Message Board

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Technology Stocks : Cohu, Inc. (COHU)

COHU 24.21

+1.8%

9:30 AM EST

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To: robert b furman who wrote (7636)	12/13/2023 7:30:03 AM
From: robert b furman	Read Replies (1) of 7822

Listed is the link to yesterday's Investor Presentation: cohu.gcs-web.com Pretty much the usual info and Mid Term Target goals and achieved progress. The new info is on the most recent acquisition of a Singapore firm that makes high energy contactors - some made of plastic and special coatings that minimize solder meltingy and adhering to contactors. It also details the number of customers and machines that are within their current owner base (24,600). Sigh I can remember 5,000). Also interesting that their cloud monitoring is now 92% renewed - very strong numbers that suggest the savings of their predicted maintenance and minimal down time is surely saving users money. It does appear that the bloom has come off of the EV sector of the automotive world. That being said Hybrids have come to the front of demand and those use many chips as well. Bottom line automotive has and will require more and more chips and that bodes well for 100% testing of those chips and that means Cohu has a good growth sector to address. The money that is coming into the "Chip Act" reshoring will eventually result in a flurry on new system demand. In between watching the recurring business and it high margins is a plan for continued profitability - a wonderful improvement from the past. Cohu has rolled up the automation (testhandler) SAM, and has achieved scale. Debt repayment, stock buybacks are being funded by Free Cash Flow, even at lower revenue numbers. Somewhere in 2024 to 2025, this firm will "PRINT MONEY". Their mid term goal of 1 billion and 180 million in free cash flow will bring down the number of shares outstanding and further boost EPS during the future trough periods of new system orders. Patience as semi equipment companies have been in an bullish Percent uptrend of late. Emerging leaders as the "The Chip Act's" billions begin to flow? Hold with confidence! Bob

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