A year or so ago TER wasn't one of the best tech values. But now with some of the deep value techs having doubled or tripled, while TER only went from like 11 to now about 16, it is looking like one of the best values in the tech sector. The only debate is whether techs have seen their run or if they still have some more upside. I think there's still some upside left. I think most of the easy money in tech stocks has been made by now, but I do think there is still some more to go. I bought some TER today on the dip.
The upside that you talking about will come when Ter's performance becomes less erratic.
Being in the sweet spot of technology is great but nevertheless predictability is of paramount importance.
It will be interesting to see if Ter is going to be able to close above 16 today.
Predictability in technology is impossible. If sales and earnings were predictable, everyone would buy the same stocks, and there would be no surprises. Of the three leaders in ATE, TER is by far the most consistently profitable, but that's not saying much. People who are looking for predictability should invest in Wal-Mart or P&G.