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FormFactor Inc. Message Board

  • whynot327 whynot327 Aug 7, 2013 12:24 PM Flag

    Kudos to traders

    1. For the 1st time since 2007-2008 FORM reports $1M cash flow positive, traders knock the stock down.
    2. For the first time since 2007-2008 FORM is expected to report a solid profit in Q3'13, traders knock the stock down.
    3. Analyst raises price target from $9 to $10, traders knock the stock down.

    Don't you love to meet the traders behind the scene responsible for playing this stock!

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    • For the last 4-5 years revenue peaked in q3. And crashed for the rest of the year, if this pattern repeats their one quarter of positive cash flow will be the last. It may also be the end of CEO Tom. Also Microprobe revenue is now in decline, mostly do to intel but other causes also. It looks now that CEO Tom paid top dollar at the peak of the market for Microprobe.
      I am not optimistic .

      Sentiment: Sell

      • 1 Reply to nickydooda
      • Re: For the last 4-5 years revenue peaked in q3

        True for the old DRAM business, but not true for Microprobe part of business. Even the DRAM business is shifting from PC centric to Mobility centric which will become less cyclical.

        Many businesses are cyclical; they have strongest Qtr and the weakest Qtr. For example, in the software industry the 4th Qtr is always the strongest.

        The old FF use to rely mostly on DRAM which was cyclical, but with more revenue shifting to Mobility and SOC business not as cyclical, one cannot look use history as guide.

 
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