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Technology Stocks : Kulicke and Soffa -- Ignore unavailable to you. Want to Upgrade?


To: Richard Chow who wrote (2295)12/11/1997 8:49:00 PM
From: Carmine Cammarosano  Respond to of 5482
 
trailing earnings are of little value...the market is always looking ahead...visiblility is what counts...this company is in a cyclical industry which is in a downturn...that is what novice investors forget...I tried to make that point here when the stock was about $30 but no one would listen...I stated clearly that this stock and others in this industry historically, tended to trade down toward book value...the past earnings history will tell you that this company goes through bad times where it can not make money...the market is telling you that KLIC is going to have a rough 1998, at least the first half...look to buy the stock at $13 and ride it up from there...