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Strategies & Market Trends : Bosco & Crossy's stock picks,talk area
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To: Bosco who wrote (2646)4/23/1998 7:53:00 PM
From: Crossy  Read Replies (1) of 37387
 
Bosco & all,
there is an interesting special situation unfolding right now: CFMT. This company is a miracle. Leader in 300mm cleaning technology and a heavyweight in its field. However revenues gyrate around and the company is heavily dependent on the eqipment-cycle. Right now the cycle says "contraction" and CFM today announced after the close they will show a loss of $0.40 for this quarter. The stock trading around $13 right now.

HOWEVER consider this: this company has one of the highes current-ratios I've ever seen: 6.71, this means $5+ cash per share. If You subtract the 5 from the current quote of 13 this leaves You a net value of $8 for the company's operations.

Now today's announcement surely turned the sentiment negative and You can expect the stock to fall back to its final support at $9.5-10. However at those levels around $10 I would highly recommend this stock.

As soon as the semi eqip industry is expanding again and particularly 300mm fabs are out there in construction, CFMT should fly to its old high of around $40. Wait before entering, let the panic turn into apathy and then get in. Around $9-11 this company is one of the best values out there in this sector. Anyway, don't catch a falling knife, wait til it bottoms out..

best wishes
CROSSY
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