Company who's CEO said this? And date/time
This has been postulated for many, many years. It could have been easily said for the past 15 years (and been wrong).
Someday it will be correct!
I'm just wondering if this CEO had a dog in this hunt, or if just another stone thrown by a short.
Yes it does.
So anyone anywhere near close to the situation knew something was brewing...
You and I - not so much...
I believe it's been a while since they have done an acquisition. Then again AP is a tiny company really, and cyclical.
Whether this turns out to be a smart move or not I have no idea.
But I do have a good bit of my portfolio tied up in AP. And all the shares I currently hold are in the red except some real old ones.
Announced after the ball apparently.
Shows up here on Yahoo.
I have no insight. And I've posted many times here my overall thoughts.
This time seemingly all semi's took a hit. Throw in Greece again, maybe Moore's law issues, summer, overextended market and a higher Beta stock and this is what you get. A LOT of influences that aren't at all or very directly tied to KLIC.
If it continues to fall I'll buy every .50 down, if it bumps up 20% I'll basically sell what I've purchased lately in common and options most likely. Or write some covered calls or calls against my calls..
I started selling more heavily at 12 and 13 on the way up. Been buying those shares back now.
At that time I thought KLIC was ahead of itself and posted so here.
Now I think it's been overly punished and mostly not due to KLIC itself. So I've been buying back trading lots.
I've cyclically traded KLIC since late 90's. I don't get real excited over a day or week's move. Especially when the whole market is moving significantly like last week.
I am not an industry insider.
If you look at KLIC it is volatile and that's EXACTLY what can make it profitable to trade. Ironically now that the company has improved I fear it may be less profitable to trade.
And lets say all the steps since before Scott retired, the move to Singapore, etc. make KLIC the best positioned I've EVER seen it financially, product wise, and Bruno didn't squander a bunch of cash to put his stamp on the company.
I do not have the time to follow the markets of KLIC that I did at one time.
Make your own decisions, do your own DD. Any specific questions post them here. Many years ago this was actually one of the very best MB's on Yahoo. Not so much anymore as you can tell. But there could be folks with an actual brain reading this MB but haven't had a real reason to post.
We can all learn here. Smart shorts (as opposed to chest beating shorts show just look at a chart or something) are where a person can learn the most.
"scale in, scale out, online commissions are cheap"
One conference call his first year I believe the CEO missed!
As usual it'll be mostly about the future.
Could be interesting though.
Prudent BOD's reduce payout s often.
One of the reasons that didn' thappen here int eh past (which I liked) was the old guy owned so many shares this was an annuity.
Now that isn't the case so much.
Mario doesn't buy stocks for the divvy that I can think of. Not sure what % of outstanding he has.
Offset that with asbestos lingering liability and unsure what will happen here.
Then actually look at the cyclical businesses and it's a #$%$ shoot that we're being paid to wait for the turnaround.
But if they reduce divvy significantly it'll drop like a stone.
Your 33% divvy - I'd RUN!
As AP continues to drop some may be waiting for ER in a few weeks to make sure they do nothing with the dividend.
Above 5% is nuts.
I don't recall them ever trimming the dividend, not sure I remember the % being this high before - but it could have been over some years that I didn't own much AP.
Summer, Greece, China, etc, etc, precious metals, maybe finally a fed tighten. Lots of folks paranoid and lazy summer. This micro cap cyclical has no urgency to buying it. No catalyst I can think of.
Watching, not adding yet. I have over 10% of my portfolio in AP right now.
A lot for this very small cyclical I have traded for many years.
Any shares I do buy I'll be quick to sell on a decent bump.
Good luck folks!
Well, that upgrade was poor timing..
And with so many analyst's hesitant to say anything to begin with.
No position in NEWP for many years.
But I do hold a lot of IIVI and some RSTI so I pay attention to the whole sector.
Yep, I still have just one lot of shares from then.
I hold them mostly to remind me to look to buy AP when it has a cyclical downtrend.
Then I lighten up when the dividend seems to get reasonable(roughly under 3% I start thinking of scaling out some).
"scale in, scale out, online commissions are cheap"
I have resisted the urge to nibble here more lately but is was tough I almost did when it almost broke 14.
I just nibbled on a favorite tech cyclical an hour ago.
But now that AP went exdivvy and continued to fall and it is summer I may be adding here again soon.
Don't see any reason for today's dip, or for the recent slide really.
And INTC's ER was better than expected so today's did can't really be because of that?
Servers better then PC's but so many non computer items take chips that get bindod that I can't see how INTC would have impacted KLIC today.
If it dips .50 or so I'll buy more.
If it goes up a buck I'll see these shares to pay for the options I already bought.
Margin on a cyclical micro cap?
That's just nuts IMO.
And I have played with AP since like 2000?
I still have some from likely back then at roughly 10.00/share that I have never sold while cyclically trading many times that amount of shares. Actually for some reason I didn't track the date way back then in my spreadsheet after they became LT gains so it would take detective work if I ever sell those. They were likely prurchased online thru someone who got taken over like datek, or ameritrade before they became tdameritrade.
But margin at all - is dangerous.
This micro cap cyclical. Offset by asbestos liability still on the negative, on the positive Mario now owns a chunk and the old fella's family is lightening up(this may be pressuring the stock some now).
If the divvy gets much higher they may actually have to do something about it.
Got home too late and missed the market tech difficulties.
I did buy some options that I didn't have time to cancel the order this morning on a stock I trade a lot (common and some options).
Want to add to DVA some down day too.
And wanted to add some under 15 here hopefully before ex date.
My main portfolio's were down 1.38% today - I can do without a whole lot of those days!
In addition to Greece and China it's summer! Often a dull to down market, generally no reason for folks to buy anything. They do that in the fall. Often I pick up some stocks over the summer and sell to these folks in the fall.
Didn't have time to cancel this order before leaving this morning.
Then the market technical glitch. Anyways I have now doubled down on Jan 12 calls - this batch at .80.
Just hearing about todays market glitch and atleast the MYSE unable to trade for several hours.
Just what a paranoid summer market needed!
The prior CEO (founders son) was worse.
Actually they have held onto the cash mostly. Something that has impressed me about the new CEO rather than doing stupid aquisitions to put his stamp on the company.
Worse things than mostly letting cash build. Company does not have a history of good aquisitions.
I realize you're a short. But with that kinda cash they definately aren't going out of business - try again!
Today stock at 11.63 trying to add to Jan 12's under 1.00 (my current bid .80) in the same little qty as forst buy.
If it goes significantly lower I'll buy ITM JAN calls or double down on however many Jan 12's I have at that time.
INTC way off it's highs where I sold most of it into the runup and still pays over 3% divvy.
Greece - really - can this all be due to a tiny little country that is a bit clueless and doesn't wanna wake up?
Better than their usual article.
I'm not even trying to link to it. But I tried posting this twice last night.
Yahoo strikes again?
BTW these rumors surface from time to time - along with the end of the ball bonder.
If you search here I have posted many times about this as well.
Cliff ntoes version is that the best time for a buyout would have been when Scott retired.
KLIC is the best positioned financially and with product that it has ever been. And someone "raiding" them for their cash would hardly be unheard of too.
I don't put much weight in a buyout, but a little more than the death of the ball bonder will be the death of KLIC for sure!
If I had to guess I'd guess only 10% chance KLIC gets bought out.
Years ago folks looked, private equity and th elike.
I always thought a frontend guy would buy KLIC rather than each other and face monopoly/duopoly/etc issues but LRCX, AMAT, etc haven't done it.
I wouldn't think a test ocmpany or chip house could or would - simply not their expertise.