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Technology Stocks : Cohu, Inc. (COHU)
COHU 17.57+1.3%3:59 PM EDT

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To: robert b furman who wrote (6793)1/11/2020 9:58:03 AM
From: robert b furman1 Recommendation

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the longhorn

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Cohu will be having an investor presentation next week with Needham:

Cohu to Participate in the 22nd Annual Needham Growth Conference on January 14

The good news is, they've registered with the SEC updated AND IMPROVED GUIDANCE for the 4th quarter:

Cohu offers updated Q4 guidance
Jan. 10, 2020 4:22 PM ET|About: Cohu, Inc. (COHU)|By: Jason Aycock, SA News Editor

Cohu (NASDAQ: COHU) has offered its updated Q4 outlook via an SEC filing.

It's filed the presentation it's using in various analyst meetings around the Needham Growth Conference.

The company sees sales coming in at $134M-$144M (above expectations for $139.1M), gross margin of 41-43%, operating expenses of about $50M and EBITDA growth at 8% at the midpoint.

Cash flow from operations rose to $8.2M in Q3, it notes, vs. -$9.5M in Q2.

Shares are up 0.5% on a few postmarket trades so far.

Over the decades I've owned Cohu, these guys are serial sandbaggers. They're always on the conservative side of guidance. This is done so they never over promise and get into stockholder lawsuits. Sadly it always puts a lack of excitement in their usual mundane webcast. Too much boilerplate and not enough new product descriptions and addressable market size/ market share gains info . I'd like to once again hear about important future indicators like backlog dollar amounts on new systems.

Cohu used to give that important data, but when the market slowed they discontinued backlog info.

Stockholders like updates and transparency. Their opaqueness blurs their success and achievements and dulls their webcasts compared to other companies that have more positive webcasts. imho

None the less for Cohu to be upgrading their guidance is super positive, and I hope they adopt a more upbeat format for the presentation and end of year WEBCAST!

IF Q1 is upbeat and guides even higher,and they confirm the cost savings PLUS more in 2020 we'll be ON THE MONEY and banging on 30ish !


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