Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Semi Equipment Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Jacob Snyder who wrote (53426)	8/26/2011 1:45:41 AM
From: Cary Salsberg	Read Replies (1) \| Respond to of 95765

You might want to read recent ASML comments on light sources for EUV. That might convince you ASML will not buy CYMI and CYMI might not be a buy if one of their competitors produces a better EUV light source.

To: Jacob Snyder who wrote (53426)	8/26/2011 5:57:34 PM
From: Jacob Snyder	2 Recommendations Read Replies (1) \| Respond to of 95765

COHU chart and buy-not plan: COHU is off my Tech Dividend Buy List Message 27451146 Reasons: 1. In order to pay a 4% dividend yield (my minimum threshold), the stock would have to reach 6$ (.24/6=4%). If COHU gets that low (below the 2009 low), then INTC (my standard for a Tech Dividend-payer) would probably be yielding at least 6%. 2. Gross margin has been declining, since 2004-5. For the last 5 years, GM has been around 33%, except during the recession, when it went to 20%. INTC's GM was 56% for 2009, and 65% for 2010. 3. Non-profitability: TTM EPS troughed at minus 1.56$ in 2Q09, and peaked at plus 1.25 in 1Q11. The current up-cycle's earnings will just balance the last down-cycle's losses. 4. share count has been going up, by about 2%/y for the last decade. Subtract the share dilution from the dividend, and there isn't anything being returned to shareholders. Chart: The 60-month (=5Y) moving average has been trending down, since mid-2004. By itself, that wouldn't be a reason to delete it from my List. If I was going to buy COHU, I would wait till the RSI hits 30 on the monthly chart (as it did in 2009), the 2009 low have been taken out, and the company is reporting gross margins of 20%. I'm also looking at whether TSM and TXN should be deleted from the Buy List.