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Kulicke and Soffa Industries, Inc. Message Board

  • storagelh storagelh Jan 28, 2014 2:37 PM Flag

    Volume

    Might end up 3x before the day is done. Squeezed a few early but no reason to short here at 12. History tells ya 13 and above, so downside is probally limited for now, unless the whole market takes a dive. I see 13 before 11. Sold a little at 12, will take a 1 pt gain in klic anyday they offer it.

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    • The positive message on KLIC right now is that losses were not so bad. It shows that the business is fairly lean and strong. I agree that this limits downside, and not losing money is half of the battle in value investing.

      The real upside comes with strength in their end-customer markets, which may need to be sustained for 3-6 months to start having an impact on capital investments. Customers do not need bonders until their demand exceeds existing capacity and they have burned off inventory. They don't burn off inventory until chip customers have sustained demand and have burned off inventory. And so on.

      ST Micro just reported that their business is flat to down. Unless Samsung is kicking butt, phone sales seem to be weak. Maybe LED lighting demand will surge as folks finally realize that old bulbs are against the law.

 
KLIC
10.72-0.30(-2.72%)Apr 29 4:00 PMEDT