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Technology Stocks : Cohu, Inc. (COHU) -- Ignore unavailable to you. Want to Upgrade?

To: bearshark who wrote (7650)	2/8/2024 9:32:58 AM
From: robert b furman	Read Replies (1) \| Respond to of 7822

Good Morning Bear, Maybe it is the devil in me, but when I read that release I thought, That's a clever way to slam the stock down in price, just in time to buy back a lot of already authorized shares in an existing buyback plan. When Cohu begins the buyback, my bet it is it'll be the final shake out, and dipping below 30 would have a psychological fear induced reaction. Wall street has an uncanny way of dropping the price of a stock, just before a nice run up in price. MM always love a dip,just before the stock announces above guidance comments. With the chip bill spending billions and fabs already popping up in Arizona, just how far off can equipment makers be from going full bore production. Cohu is admittedly a backend provider, but it has broadened its product line to include testing equipment, and bothing test handlers and test equipment for the WCSP or advanced packaging, that is incoporated into the front end of the fabs. Advanced packaging is primarily in the mobility sector and is estimated to be 20% of all chips made, a substantial improvement for Cohu, who usually never saw an uptick until the PC cycle kicked in and a quarter later to boot. I've always watche TER for the handler signal, but that mostly impacts the Pick and place handlers. Now Cohu has turret handlers and that serves the LED , MEMS and optical chip markets. Per their most recent investor presentation they have achieved a number 3 position in ATE. Although automotive may be slowing, the planned inclusion of ADAS systems keep working its way down to the lower cost autos. That's additional test pieces needed. I suspect we'll get a boost from the chips act a bit later. In between the industrial sector should be building soon as well. Check out the stock price of the industrial stocks like ETN, HON,and (heaven help them BA who are on the cusp of producing a higher production rate FINALLY. A dip to the 20's would provide a juicy PE, on a forward looking basis. Trust on Wall Street's larceny always. Bob