Stock is way oversold. The short-term news isn't great; recently guided the 1/4 down, etc. However, PSEM is a profitable company, they have no debt, over $5/share in cash. The risk, down to about 6/share, the upside up to $9+. The market has already priced in a bad 1/4. If Psem guides inline or higher, I expect the sp to pop $1+ or more. We'll see.
Considering their buyback was done at 7.47 it actually might have been better that they waited until this quarter. I am not sure when the blackout period was this Q but it would be nice if they picked up some shares in the 6s
Don't know if we'll see the 6s. They beat on earnings and revenues, although guidance is a little light. We'll see how it trades tomorrow. There's a lot of comfort holding a stock that has no debt, makes money, and has 5.29/share in cash.
Agreed, hadn't even considered the stock buyback. It's up a few cents since I bought earlier. However, that can be erased very quickly if they guide lower than expected. Q1 is projected to come in around 33m in revenues. Hopefully, we'll see them guide higher. Time will tell.