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Hutchinson Technology Inc. Message Board

  • longtimefollower longtimefollower Apr 11, 2012 9:57 AM Flag

    I love charts like this.

    Especially when I got a newfangled balance sheet...and a newfangled business model. (TSA+, Thailand, DSA, increased business with STX [hopefully], etc.)

    The price/sales, discount to book, and discount to historical, and potential peak future, earnings, is, frankly, astonishing here.

    But the Street, overall, is still focused on the current two year stock price, and the losses from the last 3 years. That's BEYOND DUMB!

    The stock would have had support, and was SHOWING support last year, at $2...if it weren't for the tsunami. We are now on the "other side" of the harrowing risk scenario that the naysayers envisioned, both from a tsunami standpoint, and a "refinance risk" standpoint. All it takes now is for the results to turn up, and the Street to suddenly "discover" it, after they turn up, and decide that we are no longer "distressed"...and the thing goes to $4-8.

    This is what classic stock-picking is all about, in spades, and where outsized returns come from. Don't look this gift horse in the mouth. I'm nibbling at $2.01 right now. I think everyone knows my sentiments here. This is a great chance to get a position in a stock at a 10% discount from what we were trading at a week or two ago. It's incredible to me how INEFFICIENT the market is, at times, as a discounting mechanism, and how it FAILS to factor in material information (like HTCH's refi), that dramatically changes a risk profile. Truly.

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