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Tower Semiconductor Ltd. Message Board

  • MJOHNH1 MJOHNH1 Feb 16, 2012 10:54 AM Flag

    conf call.......

    "we expect to press release something very interesting in the front end module space in the next two weeks"

    ...........I am not at all technically conversant with this industry........but, I thought the "tease" might

    be of interest to those that are......all in all...a very interesting cc so far to a "plain vanilla" investor like me......I am encouraged....

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    • Their numbers sounded good, but McWilliams ate into them and management seemed to be stuttering a lot.

      Overall, it was a decent call but the one thing that worries me (and us all) are the capital notes which he couldn't speak about since he has no idea if and when they will sell. If they really don't have control of them at least in some way, that is very scary don't you think? Fully diluted share count = 700 million. Even with $1 billion in sales the stock price won't break $1.25. However, if those are taken care of at least semi favorably, the stock is worth IMO at least $2.

      • 2 Replies to steelow14
      • I don't discount the dilution is what it is........these apparently are not callable.....but, will either be converted or paid.

        I don't know the terms of the conversion.........I suspect that the share price will be important at the time of potential conversion.......

        I do not agree that the share price will only be $1.25 if converted and dilution......I think it will depend mostly on the growth of the business and profits at the time.....and I think that the future looks pretty good on that front.......

      • Nothing exciting here. We "might" Get a fab in India, announcement timed so they have something to say.
        Nothing on the real issue, the capital notes.
        Looking for an entry below .60 on ME conflict or delisting.

12.87Oct 6 4:00 PMEDT