bidI wouldnt be surprised if a bid comes in for this company soon...... The business is being valued under 200M CAD here ( 110M *2(included control premium) = 220M - 40M cash) which is approx 150 to 165 M USD
LAM, Intel, Micron and most other semi folks actually raised guidance ( alothough TI and a few others had tepid guidance) - overall it was not bad, it looked good to me.
Lets see what the results holds for us..... Hopefully the buy back is going on in full swing, i would say deploy another 3M for buy back and the goal should be to reduce the shares oustanding to 100M.
(Friday afternoon after 3.30 PM is a good time to buy PHO .....paradigm folks ( buy back) looks like are not allowed to buy right before closing and our short buddies make sure we go down by a few pennies...it. )