PLAB is a beast -- the funds are gonna drive it much higher.
Not spamming, but in the chip space, the only thing I can find at a good price right now is WFR and OTIV.
If anyone can shoot some holes in my fondness for OTIV, other than it being thinly traded and a micro-cap, I'd be interested in their thoughts.
It's in the intriguing NFC space.
Good move PNP - passing on VSCP.
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Hi TDM, I decided to pass on VSCP. Though I haven't really looked into it to deeply.
I'm thinking I should have bought more PLAB when it was down at $8.00. Looking at the historical P/E multiple over the years, during their profitable cycles the company trades in a P/E range of 15-29. I notice that analyst estimates are creeping up. If the company can manage to meet the FY '11 estimate of .72 EPS, that would place the trading range for this stock between $10.80 and $20.88. My original sell target was around $11.00, but now I'm thinking this could be a beast, so I'm raising my target to $13. It seems like a pretty safe buy here, as long as the market doesn't fall off the rails.
Hi PNP - I bought some today at $8.30 - was out for most of the day and missed $8.00 - I should have had an order in place :(
I've read that the majority of Saudi's are not that unhappy with their king. Can't say I'm an expert on the Middle East though.
Keep an eye on VSCP tomorrow. Their earnings will come out - there is a 10-20% chance they give terrific revenue guidance. If so, the stock could be a real steal at the current levels. Worth taking 10 minutes to look at tomorrow.