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Strategies & Market Trends : Underexposed Technical Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Underexposed who wrote (900)	3/24/2021 10:32:30 AM
From: robert b furman	1 Recommendation Recommended By Cogito Ergo Sum Read Replies (1) \| Respond to of 914

Hi UE, Thank you for the update. Besides the general market causing weakness in growth stocks and the rotation that has benefgitted growth stocks, under to hard to accept excuse that the ten year has gone from 1.50 to 1.75, (he types sarcastically), Cohu has issued an upsized secondary which generated 203 million. 100 million of that was used for debt reduction ( leaving 203 million yet to go) - the result of an acquisition made in October of 2018 - XCERRA. Historically (going back to 1978) Cohu has never had debt EVER. When Cohu bought XCERRA it was a smaller company buying a bigger company that had more revenue, higher margins and more cash - so it was a big reach for Cohu. The acquisoition occurred after the US CIFIUS denied a Chinese equity hedge fund to make the transition. That set Cohu up to acquire the only existing global competitor they had. It took both companies cash horde and 35o million in debt to complete the acquisition. There business is now robust,yet I know management will be very focused on debt elimination. That being said the chip industry is exploding in demand and suffering from a lack of supply, which has to be good for all participants regarding their margin expansion. This stock is a long term hold for me. I'v scaled out from an undue concentration to now to a 30% remaining shares. Recent sells have allowed mr to be running on the markets money as my original caost has been retracted and redeployed in an effort to diversify and incrase my dividend revenue now that I'm retired. I truly have been in Cohu since 1978 - completely in completely out three times over the years. My steadfast vision of the world's future always including more semiconductor chips has relentlessly proven correct albeit with peaks and valleys - which DID IMPACT COHU"S stock price often. I now expect a stability in revenue, the result of their servicing and parts replacement from what they term consumables. Add to that the curreent robust orders of "new systems" and these folks have a window in which they will amaze most in the ability to all but print money. IMO All dips are "ADD TO" possibilities. If price ever gets back above 50 and I believe it will, I'll scale out some more. Recent price target estimates of $72.00 are doable . imho Thanks for the great review UE. The next 4 days in my studies will be negative and expect to see some support come in here on Cohu. Great review and I remain a long term buy and hold on this one. I anxiously await Q1 earnings and Q2 guidance some time next month! Warmest regards , Bob