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Hutchinson Technology Inc. Message Board

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  • longtimefollower longtimefollower Sep 22, 2011 2:36 AM Flag

    Revolving Credit

    Still studying certain aspects of the agreement. Will report back later...but obviously, some agreement is better than no agreement.

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    • I don't have much additional to say. The agreement is good news, plain and simple, especially considering they did not need to pledge all of their collateral towards it, but left out property overseas (which would allow potential additional financing transaction there). In a market environment like today, the Street isn't going to care...but sometimes the Street is stupid in valuing the relative risk of a stock...and I remain as convinced as ever that valuing HTCH at a post 08/09 crash low, at $2, when it's fortunes have dramatically improved, on both an operating, and a financial strength basis, is just plain wrong. I still think this stock should be at $4-5...and not $2, right now, for the "financial runway" they have built, for its expected return to positive cash flow and profitability...and enormous turnaround potential. But I guess I'll just have to be patient.

      The stock remains on super strong buy, a very "elite" status given very rarely by be to very select securities. HTCH is a sleeping giant.

2.66Mar 30 4:00 PMEDT