The semi-equips, and the semis in general (SOX-X), were in a blue funk today, but FSII was the bright, shining star in the group with a 31 percent gain. I don't know about you guys, Joe, Kent, but isn't it great to be in the right stock for a change? <g>
Seriously, I think the worst is over for FSII. It may be quite awhile yet before we see great things in the stock price, but I have a good feeling about the stock right now. As a company, they seem to have kept their head about them during this long downturn. They have kept their R&D investment going full bore, and still have a very good cash position. They could continue for many more quarters at their present investment rate, if necessary.
On top of that, they have an infrastructure, that was set up a couple of years ago, to support a $600M annual sales rate. They have a lot of room to grow without investing heavily in capital equipment. With increased revenue, they could become quite profitable in a relatively short time. |
