Analyst CommentsHaven't seen much from this analyst in the past but I find his comments a little strange.
Most industries are cyclical to some degree and many now argue that Semi-Conductors are becoming less cyclical as they are used in more and more products with different cycles.
He says the stock is "out of favour" from an Industry and management perspective but provides nothing to back up that claim. (unless he's simply referring to the Market over-reaction)
He says "It is not cheap" but I would argue he's dead wrong ... in view of their increased capacity, expanded product offerings and latest distribution agreements ...not to mention $40 some million in cash ... I would say it's very cheap.
Perhaps he thinks PHO is still trading at $2.60.