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ON Semiconductor Corporation Message Board

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  • marketposition marketposition Feb 15, 2008 5:47 PM Flag

    Keith Jackson: Time to leave ONNN

    >2. Why it is undervalue? The company is making >about 80 cents/share/year. A P/E ratio of 10x >shall be valued at $8.

    You are wrong here as that is based on old data.
    1. They've already announced next Q will be worse.
    2. We're going into recession, so things may get even worse.
    3. You just know they are going to write off boatloads with thise merger which will make the future numbers crumble.
    4. This merger is an overpaid, unfocused mess which will undoubtedly hurt the numbers. After all, you don't expect AMIS numbers to not fall, do you?

    Remember, ON was just a $1 stock 4 years ago. Even if things have improved and they can somehow cut out enough costs to make this merger work, this stock might only be worth between $3-5 and that's IF the economy doesn't tank.

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