Zeev's Turnips Patch-No Politics (ZEEV)

[Zeev Hed]

Doubling up, I am not sure, but I still think they are relatively cheap. The market may start and see the beginning of deterioration of performance in SEMI (increases in debt, inventories receivable etc. all above the rate of top line growth). They just invested a pretty chunk in an ERP (about $3 MM, which I think is partially capitalized, so maybe the impact on SGA is only some $150,000 per quarter). Hopefully, that should increase their efficiency and result in improved bottom line.