| An SI Board Since August 1999 |
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Symbol |
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SILI |
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August 8, 1999
Looks like a hidden jewel. Great earnings, great top and bottom line growth, a PE under 15 (TTM earnings $3.35/share), great chart, 80% owned by VSH, very small float - less than 2 million shares, off over 13% from its recent all time high, has better than doubled this year, 52 week range $12 to $52, spread can often get large, but can be bought between the spread.
Stock: 10M auth., 9.959680 issd. Insiders less than 1%; VSH owns ~80%. IPO 6/79, 300,000 shares @ $17 5/8 by DLJ. 2-for-1 stock split, 2/86. (As of 12/98) LT debt: $50.6M @ 6.25%, $1.2M @ undisclosed rate.
Found this by accident: my daughter picked it (almost at random - she had heard me talk about "Silicon something" and thought this was it - she was thinking about SI) for a high school Eco project...she beat up on the rest of the class.
After some DD, decided to buy it myself.
Troy
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03-09-02
A lot has changed in the market and company since this thread was started. First, SILI split 3:1, so the above share numbers should be adjusted. Second, after running up as high as $165 intraday post split ($495 pre-split), a 10 bagger from where this thread started, SILI, like a lot of other tech companies has dropped as much as 90 percent from its all time high. It now sits at around $30 a share (still twice what it was when this thread started in 1999, but 80 percent off its high) and earnings projections are currently MUCH lower than what they were in 1999, 2000, or 2001. There is hope that late 2002 and 2003 will bring a return to rising rather than falling profits. Finally, after much speculation, VSH offered to buy the 20% of SILI it did not already own. First, they offered roughly $28 a share, then 1.5 VSH shares. The tender was not accepted by half of the non-VSH shareholders, so it expired and was not consummated.
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