Hutchinson Technology Inc. Message Board
-
HTCH is up 50% since I announced my 5%+ position.
The day before I announced, it closed (on 11/12/12) at $1.45. The last trade is $2.18, as I type, which is EXACTLY a 50% gain...in less than 2 months.
I hardly think that it was exclusively because of my filing that we are up 50%. (That would be a grandiose notion indeed!)
While I'm sure some of this increase is a technical or "dead cat" rebound, I also believe that the Street is increasingly seeing this as the turnaround story that I have long seen it as.-
You seem pretty knowledgeable longtimefollower so would you help me understand why this stock is still selling for less than half its book value? Years ago, when HTCH had come out with the TSA for disk drives they were the leader and were north of $50/share. I haven't followed the company for years. I sold out and bought sndk. But I recently took a small position in HTCH again. It just seems illogical with the increasing demand for disk drives that they can't be at least at book value or around $7/share. Do you think they can at least get to book value this year?? jf
-
How's the fudge supply doing? Do you need a reload?
- 1 Reply to pjv2xyw9dww4b5
-
Oh no. No more. We o'd on that, and still have one in the freezer. Something different, please!
-
update: The gain from $1.45 is now in the 100--110% range!
"Dead cat" bounce? What are you feeding that "dead cat"?- 1 Reply to clockwinder
-
Super balls.
Sentiment: Strong Buy
-
It is now approximately 75% by which you are up since your filing. Maybe I should only provide updates at 10% increments from now on!
-
up about 70% now
just here to help you with the arithmetic!
LOL -
update:
Today's close of $2.32 makes your percentage gain since your post
(2.32 - 1.45) / 1.45 =
0.87 / 1.45 =
87 / 145 =
(3 * 29) / (5 * 29) =
3 / 5 =
60%
sixty per cent -
also, it's not "EXACTLY" 50%, it's greater than 50% (by a bit)
;-) -
and the point of your post is ..... ?
I am on my 2nd cup of coffee already!
:-)
-