Axcelis Technologies Inc (ACLS)

[mlkrborn]

Will it double? $1.54
"Axcelis Technologies (Nasdaq: ACLS)

This maker of semiconductor fabrication equipment is also cash-rich. The company has $47 million in net cash and $215 million in tangible book value, though it's valued at just $173.5 million on the stock market.

As you'd imagine, annual results can be erratic, since Axcelis operates in a very cyclical industry. Sales averaged more than $400 million a year between 2004 and 2007, plunged below $150 million in 2009 and steadily rebounded back above the $300 million mark in 2011.

The analyst consensus figure for Axcelis appears to be too conservative, as one of the two analysts who track the stock appears to fail to account for a series of cost-cutting moves that should make the company decently profitable at current sales levels. It's hard to gauge where profits will head in coming years, because much depends on the nature of the semiconductor capital equipment spending cycle, but that 19% discount to tangible book value provides a solid floor for the stock."
http://seekingalpha.com/article/429871-3-micro-cap-value-stocks-that-could-double?source=yahoo