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Technology Stocks : Cohu, Inc. (COHU)
COHU 14.29-1.0%Jul 16 4:00 PM EDT

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To: robert b furman who wrote (6648)3/12/2019 1:29:48 PM
From: robert b furman  Read Replies (1) of 6688
 
Cohu releases there 4th Q and full year earnings today AH's.

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Cohu To Announce Fourth Quarter and Fiscal Year 2018 Results on March 12

POWAY, Calif.--(BUSINESS WIRE)--Feb. 21, 2019-- Cohu, Inc. (NASDAQ: COHU), a global leader in back-end semiconductor equipment and services, will release financial results for fourth quarter and fiscal year 2018 on Tuesday, March 12, 2019 following the close of market at 1:00 p.m. Pacific Time/4:00 p.m. Eastern Time. This revised earnings release date is later than previously announced because more time is needed to complete the purchase accounting analysis of the acquisition of Xcerra Corporation, which closed on October 1, 2018.

The company will host a live conference call and webcast with slides to discuss the results at 1:30 p.m. Pacific Time/4:30 p.m. Eastern Time. Interested investors and analysts are invited to dial into the conference call by using 1-866-434-5330 (domestic) or +1-213-660-0873 (international) and entering the pass code 6874566. Webcast access will be available on the Investor Information section of the company’s website at www.cohu.com.

The teleconference replay will be available through April 11, 2019. The replay dial-in number is 1-855-859-2056 (domestic) or +1-404-537-3406 (international) using pass code 6874566. The webcast replay will be available on the Company’s website through March 12, 2020 at www.cohu.com.

About Cohu:

Delayed due to the merger of Xcerra.

Expect revenue and margins to move up nicely.

Do not get upset with low after adjusted earnings.

Jeffrey Jones has very excellent experience in utilizing special accountants who determine impaired intangibles post merger.

These will stay on the books and slowly be written off as a cashless expense - much like depreciation.

It reduces after adjusted earnings and maximizes free cash flow. This maximized free cash flow will accelerate the pay down of the 350 million in debt taken on to conclude the merger.

It will take more time to discontinue the duplication of gravity handlers.

I suspect the consumables will already be sorted out to maximize the margins.

Production of XCRA's products that survive, will be transferred to Malaaca or the use of sub contractor production will be retained if most efficient.

In about 9 months Cohu will pick up the subcontractor testing operations business for Taiwan and China and revenue will take another bump up.

I suspect it will take 2-3 years for the total supply lines to be rejiggered for max efficiency.

All in all it will slowly grow into one much bigger money making machine.

New products will evolve,R&D will grow.

Once debt is payed down, I'll be attending stock holder meetings and be vocally discussing a dividend increase schedule that mirrors past increases which have been on a long hiatus. But the retained earnings have been utilized on a long string of smaller and consolidating mergers.

I much prefer dividends to stock buybacks !


They have to increase the dividends or it will be the target of a large equipment company that wants to control the cost of test and/or own the wafer level chip scale packaging market.


Bob
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