ACLS - Axcelis Technologies, Inc. - NASDAQ

[Mojo]

Daily Chart: http://stockcharts.com/h-sc/ui?s=ACLS&p=D&b=5&g=0&id=p70307335933

Weekly Chart: http://stockcharts.com/h-sc/ui?s=acls&p=W&b=5&g=0&id=p70307335933

News: http://finance.yahoo.com/q/h?s=ACLS+Headlines

Business Summary: Axcelis Technologies, Inc. designs, manufactures, and services ion implantation, dry strip, and other processing equipment used in the fabrication of semiconductor chips in the United States, Europe, and Asia. It offers high energy implanters, such as Optima XEx, a single wafer tool for high energy applications; high current implanters comprising Optima HDx, a single wafer product for high current applications; and medium current implanters, including Optima MDxt for medium current applications.

The company's dry strip tools comprise the Integra RS and ES that include paired-chamber process modules for use in memory and logic devices. In addition, it provides aftermarket service and support, including spare parts, equipment upgrades, and maintenance services to the semiconductor industry. The company sells its equipment and services through direct sales force, distributors, and manufacturing representatives.

Axcelis Technologies was founded in 1995 and is headquartered in Beverly, Massachusetts.

Company Website: http://www.axcelis.com

[eric1960]

I like it, good find. 2.50 book value. Of course they are losing money hand over fist but it's already factored into the stock.

The direction of the general market this month could be a problem.

http://finance.yahoo.com/news/Axcelis-Receives-Multiple-pz-728106736.html?x=0&.v=1

[eric1960]

I got 10,000 shares. I think it can make it to AT LEAST 1.50.

[Mojo]

Got some @0.94 last week

[eric1960]

The problem is: the market is ripe for a correction & the employment report tomorrow could be the trigger.

[Stretcher75]

Correction as far as dropping to a level where it should be?

[eric1960]

Very difficult for anyone to predict. The market will take it's cue from the ER @ 8:30 today.

Carter Worth think it's will be difficult for the longs until Nov, then a rally at the end of the year.

http://www.cnbc.com/id/15840232?video=1282083172&play=1

[Mojo]

so far the unemployment numbers did not do any harm to ACLS 

[eric1960]

Looks strong. What's your price target?

[Mojo]

I do not give much on price targets. I am looking at trend and momentum, and I am not hesitant to sell immediately on signs of weakness.

[Mojo]

ACLS is cheap again, and I am going to re-open a position in the next days for a mid-term value play.

Q3 earnings call due Nov 5th. Will buy more in case the numbers are favorable.

Book value per share 2.28, total cash per share .479 (source: yahoo)

[eric1960]

The reason why it is cheap is because they are losing a lot of money for a small company.

I'd wait until after earnings, & other thing, the market may be starting a correction for say 5 - 10 percent. Next FRYday, the all important employment number.

[eric1960]

As I said before: the Market seems to fool the majority of people most of the time. CIT filing bankruptcy could trigger a big down move, as they could file any day now.

[Mojo]

Up 25% on the news, and 35% since last mentioned



(RTTNews) -  Axcelis Technologies, Inc. (ACLS:  News ) reported third-quarter net loss of $15.89 million or $0.15 per share, narrower than $24.74 million or $0.24 per share in the same quarter last year.

Revenue for the quarter decreased to $35.0 million from $46.5 million in the prior year period.

Analysts polled by Thomson Reuters expected the company to report a loss of $0.17 per share on revenues of $31.95 million for the quarter. Analysts' estimates typically exclude special items.

[eric1960]

Great call.

Losing .15 instead of .17 is still a lot of money but obviously already factored into the stock.