Many value techs have doubled or tripled in the last year. KLIC was what, down around 8 or so so it went up a bit but far less than others. And it seems to me it was every bit as good a value as any. So in my view it is one of the best bargains left in the tech sector.
Indeed - heavy cash balance to go with a strong balance sheet. Even though its a cyclical market, their technology is one of a kind and is the future of the industry since its much less expensive. There is alot of upside and very little downside.
Unfortunately, I think we will go above 12 tomorrow post ER, so people should buy early and often