as predicted, this thing is heading to low 60s and possible 50s faster than i thought.
frankly speaking, a $72 stock should be reporting about $0.8-0.9 per Q. Evaluation looks a bit high here. I have no shares, but be careful with a sudden $10 hair cut...
they missed by 18%, meaning stock may dip to high 50s or low 60s. I will definately be a buyer then.
i don't know if i am a buyer here as doing some DD before getting my feet wet. Is $4.5 a possibility here in 2014 and would that ring the $100 pps? thanks and the call is tomorrow
Thanks for the ELA definition. Much of their earnings appear to be coming from that application. They need to identify and create another cash cow for lasers.
There has to be a correlation between the number of shares outstanding and the number traded (and of course I understand that a split doesn't necessarily affect the net value of one's holdings). Maybe the split should be 4-to-1 with 100 million outstanding.
You do understand that If they double the shares outstanding, the stock price would drop in half? That likely wouldn't cause more trading (other than a rush to sell). ELA stands for excimer laser annealing which is a process to make silicon for flat panel displays. The concept has been around for awhile, but COHR has introduced newer lasers for it recently.
The trading is too thin, 50 million shares outstanding might help. I seem to recall that they proposed a split during the FO bubble around 2000 and then cancelled it when the bubble blew. The stock at that time reached 100+ very briefly. Does ELA stand for excimer laser applications?
I'm not sure what you mean by a 'beneficial' split. I doubt mgmt. would do a reverse split. I think you'll see EPS just over $4 this fiscal year and on that basis $100 sh would be pricey indeed. If ELA demand really takes off, I think you'll see EPS above $4.50 which makes $100 more reasonable. Whether that's 2015 or later, who knows?
by 2015 I can imagine earnings in excess of $4, stock around $100 and a beneficial 2/1 split.