It's pretty obvious that this country is over-malled, and though the mall operators are doing well today (mostly because of yields and back-to-school hopes), someday they will crash, as all bubbles crash.
The volatility in XCRA, on thin volume, tells me that this stock (and maybe the market) is in the hands of small-timers, motivated by rumors rather than analysis. Mind the gap!
No razzle-dazzle, but management knows the business and is honest. Solid company, with good earnings power and balance sheet. I think the market is too high, but if you want to own one company in the sector, this is the one to buy.
AMAT, KLAC, and TER are down, XCRA is up. What does that say about semi equipment? That the sector is healthy - or that XCRA is an outlier?
Given the state of the U.S, economy, the market is too high, IMO. All the semi equipment stocks (except the Japanese suppliers) are overpriced - notwithstanding all the analysts who are talking their books. Given their share of the semi test business, this is especially true of XCRA, whose value is somewhere in the low 7s. It and others could go higher, but sooner or later........