AXT Inc (AXTI)

[bowonwing]

AXT shares are being quietly accumulated, 7/3/07 closed @$4.43, up almost 10% in last week.

Hopefully on 8/2 earnings will beat estimate of $0.04.

I believe AXT is strong turn around company. I am long and holding for the long term.

AXT's all time high was $43.63 in about May, 1999.

At that time they had about 70% of VGF market. Yin (CEO) and Cheung's intent is to regain world market share to 30%, currently it is at about 17%. If AXT can gain world market share to 30%, my rough calculations based on old previous high, (70% market share- $43.63 stock price), works out to about $20 target price, in about two or three years (2009), a 450% increase from current price. Of course this does not factor inflation.

AXT's wild cards: solar play (germanium revenues) and joint ventures in China.

Perhaps, with luck we will see a new 52 week high (>$5.49) in short order, onward to >$6.00, $7.98 trending towards $10. Wishful thinking, I admit, but I like AXT's new management and projected reveune and earnings estimates.

If AXT can get painted on investors radar screens, long holders could be greatly rewarded.

We'll see.