Raefon,
Yes, CRPB has been trading poorly. I have also taken note of the insider
selling.
It strikes me as kind of strange that insiders were selling into all the
good PR generated from the Investor Relations tour (New York, London,
and in AZ recently). They were able to hype the stock up to $22, but
as enthusiasm waned, so did volume, etc. Now we're looking at $18.
I'm currently not in CRPB (though I have owned it twice before and I've
spoken with Randy Buness, CFO) but I think it's an excellent company.
I like its client diversification - it's not simply dependent on the DRAM/SRAM
market as Micron is, for example.
However, because there doesn't seem to be a lot of buyers stepping
up to the plate as we drift down, another news shock could bring CRPB
down to even more reasonable levels, say $16-$17ish.
Today's shock to the semiconductor industry was Micron. I would expect
we shall see other pre-announcements that may dent the semiconductor
sector in the next few weeks: Maybe KLAC or Applied Materials. Most of
the other semiconductor issues have been showing lackluster volume
recently.
What do you envision as a bearish stimulus for the semiconductor
sector (or the market in general) as Q1 comes to a close? KLAC, AMAT,
or ?
I've read your prior posts and they are good (note your prediction a few
weeks ago that there would be another chance to buy CRPB in the high
teens).
Herschel
I don't have anything to add to your comments about how "good"
business is. Would appreciate any input from others.
P.S. This thread is way quiet, but as is the case with most others, it
seems to perk up around each earnings release. |
