Hope you ALL buy in the low 0.60 like I did!!!! let's bring it down one more time, for the sake of it! this one's better than religion, it will test you to the core, see how much faith you've in this company!
Go down two topics to the Needham Conference and then to the second message Needham Conference Update. Click on the web site given there and then follow the instructions and you will be able to hear a replay of the conference. Much of it is technical, but all of it is positive. Tower growth in market share is offsetting the general downturn in semiconductor growth. Japanese plant is giving Tower an advantageous position in that country with announcements of new Japanese contracts forthcoming. Having plants on three continents gives Tower an advantage, particularly after Japanese nuclear problems. No plans to pay off bank debt as the interest is reasonable and the amount fully manageable. No discussion of the notes outstanding. Russell is brilliant. He just needs to do more of this and stop the dilution.
You are right Russell is brilliant. When you takeover a company that is 500 million in debt and has revenues of 100 million, you have to wheel and deal. No one likes dilution but it was unavoidable. As the company continues to strengthen, the capital notes will be dealt with. The capital note holders are the biggest shareholders so they have a vested interest in the companies share price.If you hang in there and let the turnaround unfold, Russell will not disappoint you.