I just noticed that PLAB is now down about $2 from its peak. What I'm wondering is why it has dropped roughly 21% in a couple of months? The company surprised with higher profits than expected. It has virtually no debt, and seems well positioned to benefit from increased retail spending on electronics. So why is the stock continuing to drop? What sort of 'bad karma' does this company have?
"It has virtually no debt,"They have approx. $100MM in debt and on the scale of this firm that is not insignificant.