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Technology Stocks : IXYS Corp. (SYXI) -- Ignore unavailable to you. Want to Upgrade?

To: The Ox who wrote (69)	8/12/2005 1:26:06 PM
From: The Ox	Respond to of 87

Wall St Consensus vs. Performance For fiscal year 2006, analysts estimate that SYXI will earn $0.61. For fiscal year 2007, analysts estimate that SYXI's earnings per share will grow by 43% to $0.87. Even a simple 20 PE gives the forward price target of $12 for 12 months out and $17.50 for 24 months out. I have started to accumulate and will probably keep buying in small increments as the stock continues to fall. The company earned $0.46 in FY05 and if they can achieve $0.61 in FY06, that is an eps growth rate of 32% with a current trailing PE of roughly 20. If the target of $0.87 is reached the next year, eps growth will be 42% yoy. The stock is priced for a much lower eps in FY06 and FY07 then the current estimates imply. It's pretty remarkable that after hitting record revenues every quarter for over 3 straight years that the stock get's taken to the woodshed and given a 36% haircut. Who knows where the stock will bottom out but it's certainly below fair value at $9.60, in my opinion. I would have guessed that the stock was going to fall by about 20 to 25% after their future guidance from the recent earnings report. This is a surprise to see it tank over 35%! With this in mind, putting some money to work here seems like a very good long term idea. I am probably a little early to the party but that's ok by me. Using SI's new rating system, I'll give the stock an 8 rating at $9.60, 9 at $9.25 and a 10 at anything under $9/share. fwiw, mh