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Technology Stocks : Axcelis Technologies, Inc. (ACLS) -- Ignore unavailable to you. Want to Upgrade?

To: HPilot who wrote (187)	8/20/2012 9:45:31 PM
From: The Ox	2 Recommendations Respond to of 195

There are a lot of decent metrics on ACLS, price to sales around 0.5 and a book value near 2. That said, they have underperformed the market and their industry for a long time. Their CEO was stubborn many years ago and could have sold the company for $6/share but didn't, only to watch the stock price crater during the 2008/09 crisis. At the time the offer was made, that would have been around a 50% gain, if my memory serves me. So the CEO said no to the deal and the stock fell to 15 or 18 cents!!! The company still has the same CEO. I'm not sure what the company is worth to a buyer but I would think it's closer to $2 OR $3 but there's no reason to believe anyone would make them an offer based on their past history. From what I can tell, this is a company run for insiders, not for shareholders. With that in mind, if you get the "right price", then by all means take a gamble if you can afford the risk. I recently bought some at $0.87. I will give it some time but I will most likely be a seller if the company starts making new lows below 70 cents. There are plenty of quality companies in the semiconductor capital equipment sector that are much more stable and with better long term prospects. I have followed the company and traded it many times over the past 15 years, so I am "going to the well" one more time with my recent purchase. I don't expect much out of the stock for at least a year but the market may decide differently. If what AMAT said recently turns out to be true, that the current quarter is the low in spending for this down cycle, then most stocks in this sector will benefit. Not sure that ACLS is the way to play this area but my position is up 17% at the moment, so I can watch and wait...