Len, I tell you what the problem is it hits you right away profits decline on increased revs (annually), because of a bad q2? (looks like from initial reasearch), other then that its fine, but the reason why it sells off is because the market is stupid. The market is concerned about the headline #, for a perfect example look at etec.ob now if their was no special charge and they earned .05 cents where everyone could see them the stock might be double what it is today. Also people haven't a clue that etec.ob seems to have seasonally stronger q1 & q2 and weaker q3 and q4 (trend last two years minimum). So what does the market do .01 versus .08 the last two quarters, company in a free fall knock it down 60%. Same thing with PLCC (only I'm not to impresssed better places for my money to be) Because lets face it if your not growing profits a pe of 10 is ambitious and a pe of 7 or 8 is what it should trade at. So although market might have it wrong where the stock should trade at about $9 where not talking about anything great unless they could put 4 good quarters together this year, in a market which has been troubled this year to say the least. My point is although it may be getting a little overdone unless signifcant improvements are upon the horizon in the next year the stock shouldn't be that much higher, because like I said before the market care about growth in earnings & revenue and if you don't have that your not going to get much multiple expansion when trading at a pe of 7, of course this is all just my humble opinion len.
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