Some more facts. End of 2009 Cash approx. 175 million. Debt, a note 100 million and change. End of Oct 2013 Cash 525 million. Debt zero. As I have stated before a very cheap stock.
I own primarily Div. payers. I'm retired. A lot of Mezz. Bankers. psec arcc pnnt ainv fsc etc.Klic is my largest non div. paying stock. I just think it's a very cheap.
I am not buying any more shares here because I have a serious position accumulated. If I didn't own any shares here I would load up! I know some very smart wealthy people where KLIC is now their biggest holding.
Your points have some validity short term.With that said,.the market I think overall want to go much higher.I have learned the hard way,going short any stock in a bull market is dangerous. Klic can easily move up to 14, twice its cash level.
What is your agenda? I highly doubt that you are shorting at this level.
I don,t know about 2014. However,2015 2016 should be banner years. KLIC will be shipping next generation products State of the art. I'm patient.
We bounced off the 200 day moving avg. Probably test it again today. I hope it holds.Dave ,Analysts think that business for klic will improve 2nd 3rd and 4th quarter 2014 and exceed 2013. What do you think? I thank you in advance.
Here is my two cents. Option open interest at all strike prices is anemic. Option volume for klic before an earning release is never a factor. klic should add at least 40 cents to their cash level,giving it around 7.25 a share cash. PPS,should be at least double the cash level,14.50. Good luck to all!
Thank you for your intelligent post! As I stated earlier,pps should go down to 6 to 7 in a couple of weeks. There is a universe of stocks with better prospects then attu.