abh- AMKR
They guided for $.07-$.17 for the Dec qtr. They said margins have come down also. The second half of the year is their strongest, so don't know if we can expect anywhere near $.12 avg for the Mar qtr. Personally I give the stock a $5-$5.50 target until things pick back up for them. The frustrating part for me is that I invested right before Sept qtr earnings because of the promise of increased margins going forward back in the June qtr earnings report, and around 70% more in Capex going into the back half was stated as well.
I wish the company had come out at some point between July 28(when they came out with the June qtr)and Oct 27, and said that business wasn't going as good as expected, but ufortunately held all into earnings and got hit hard. I have a hard time understanding how the company could have been so off on July 28 with their guidence, and only 8 weeks later things are so bad. Looks to me they made a big mistake increasing their Capex from around $400M to $675M as well.
