Buy @ $0.475
Decided to add more after reading a VB post that their main customer, Applied Materials has just reported a very strong Q2 (May), with a positive outlook for the next Q. There's a very strong co-relation to UMS results as Applied Materials accounts for the bulk of their biz and it's only another month to UMS Q2 (Jun) end. 😀
Extracts from Applied Materials News Release,
- Second consecutive quarter with more than $2 billion in new orders
- Net sales of $1.97 billion up 25 percent sequentially
- Non-GAAP adjusted EPS of 16 cents exceeded high end of outlook; GAAP loss of 11 cents per share reflected impairment charges in Energy and Environmental Solutions
For the third quarter of fiscal 2013, Applied expects net sales to be up slightly from the previous quarter. The company expects non-GAAP adjusted EPS to be in the range of $0.16 to $0.20. The non-GAAP adjusted EPS outlook excludes known charges related to completed acquisitions of approximately $0.04 per share but does not exclude other non-GAAP adjustments that may arise subsequent to this release.