Imhof's Comments PHOTON CONTROL (PHO.V)
Small-cap technology company that services the semi–conductor space. The company has been in turnaround mode for the last 18 months and has been hitting its stride. Recently reported a very strong quarter on both the top and bottom line. Trades at about 14x 2018 P/E ex cash and has a record backlog. Pristine balance sheet with $27 million in cash. Very little brokerage coverage presently but should get more as earnings continue to come through.
TOP PICK
Photon Control(PHO-X)
December 21, 2017
This company cleans wafers for semiconductor companies. Has a great balance sheet. If you X out the cash on the balance sheet, it trades at around 14X next year's earnings. Recently reported a very strong quarter and have a record backlog. Could be a takeover candidate as they trade at a low valuation. (Analysts' price target is $2.25.)
Peter Imhof
Vice President & Portfolio Manager, AGF Investments Inc...
Price $1.830
Owned Yes