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Technology Stocks : Cohu, Inc. (COHU)
COHU 14.41+1.1%Oct 14 4:00 PM EDT

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To: robert b furman who wrote (6680)7/9/2019 12:12:25 PM
From: robert b furman1 Recommendation

Recommended By
the longhorn

  Read Replies (2) of 6731
 
Chart Update:

screencast.com

CEO summit meeting Presentation :

cohu.gcs-web.com

During the presentation Mueller said the Hauwei trade restriction and trade dispute with China was delaying the H2 recovery in semi sector. He said there was excess capacity in test as utilization had dropped to 77% (below 80%) where Capex comes in.

He and Jones have both taken a 5% pay reduction (subject to change at any time).

This caused the drop to sub $14.00 on the open.

Here's where we see Cohu get the cheapest it will.

15.00 puts may get you assigned and $12.50's to $10.00 puts will help pay for them and or get one in on the cheap.

This is a gift IMO.

Cohu was dead money for the streamlining of the Xcerra properties and equipment. That is going on at a break neck pace with the full 40 million in savings now scheduled to happen by Q1 2020.

I suspect if the trade disputes defer Capex, the global rollout of 5G, industrial and automotive design plans will create pull ins after the push outs. At any rate it always was 2020 event.

Get em on the cheap!

Blue Light Special going on at a market near you.

Buy the DIP!!!

Bob
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