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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: E_K_S who wrote (51834)	7/5/2013 1:01:44 PM
From: robert b furman	Read Replies (2) \| Respond to of 78702

Would like to enter Cohu's name for consideration of a value stock. Recent developments include acquisition of Rasco in Dec of 08 (2nd market share leader of gravity semi handlres) December 2012 announcement of acquisition of Ismeca - market share leader of turret semi handlers (specializing in fast growing LED equipment). Both acquisitions add to the market share leader of pick and place semi handler - Delta - a wholly owned subsidiary of Cohu. No debt and all acquisitions had zero product overlap,adding to the synergies of the largest global sales and service force serving semi makers. Approximately 48 million in cash - able to invest in any enduser demand. Full disclosure - I've owned this stock for many years in and out completely several times. It has been dead money for a long time. Could be viewed as a value trap that pays a consistent dividend. Recent losses over the last two years have projected a 10 Tax rate and safe sound dividend with positive cash flow. I propose it not to hype it, but to suggest that consolidation of this niche handler maker could have excellent levered growth and the entry inot LED equipment makers is potentially another growth chapter of Cohu. Lurk here daily and would like/value input from the usual board leaders here. Price of stock is finally acting better and hope you do not consider this as spamming. screencast.com Thanks in advance. Bob

To: E_K_S who wrote (51834)	7/6/2013 12:36:58 PM
From: Spekulatius	2 Recommendations Recommended By AFed research1234 Read Replies (1) \| Respond to of 78702

It's probably a good idea not to step in the direct line of fire and buy LINE, especially since I believe it is not even cheap, based on the metrics I am seeing (EV way higher than NPV10, valued at 3$/MCFE of proceed reserves while some E&P's like WPX or DVN trade ~1$/MCFE). My personal pick for trade in this sector would be VNR -similar EV compared to BBEP, similar amount of reserves, but none of the issues with pot. Busted merger. VNR's accounting is supposed to be conservative but I have not checked it myself. I don't like E&P MLP and never owned them. I think the risk of a Ponzi scheme in this lind of MLP is fairly high and E&P MLP are certainly unsuitable in an IRA because the hedging gains can create unpredictable UBTI. I own some NSH (which has issues too but is a regular pipeline MLP) at a 9% yield and think it is a better proposition.