Timing is everything-- I had this beauty several times over the years- I always thought they had great management and contrary to a lot of the high techs-- products that are necessary to the semi industry. I am just wondering with the Cypress deal - has its time come back again? Is this former jewel ready to take off? Should we start nibbling now? They have been cutting their costs for a while now -- is it starting to take effect? I am ready to make a little $ in this fallen angel again!
For speculative purposes only. I say this after having noted the value of $100 invested in EGLS stock in 1996 and it's current worth now. Not a good defense of the buy and hold concept. This chart came with the proxy statement with the annual report I recieved yesterday. I was quite surprised at the results. The annual report notes that we are still seeing difficulties penetrating Japan.
I try to look ahead and I see on 4/3 Wells Fargo Securities upgraded their estimate on the fallen angel. Do they know something we don't? Does anyone know if the earnings are coming out after the market on Wednesday or on Thursday? Don't want to miss that!!!! Combining this with the Cypress deal and the cost cutting and the general uptick in the economy, could this be the long waited for light at the end of the tunnel? Could rosy times be coming down the pike-- A wafer prober in each garage and 2 chickens in every pot!