Stephen Simpson, CFA
Long only, growth at reasonable price, value, research analyst

Thinly-Traded Edwards Group Could Outperform On Semi Equipment Pickup

When it comes to companies tied to the semiconductor capital equipment cycle, talking about valuation often feels pretty pointless. Creating accurate long-term models is a Sisyphean task, and the realities of the market mean that the stocks often go much too low in the bad times and much too high in the good times. With that in mind, then, Edwards Group (NASDAQ:EVAC) doesn't necessarily jump out as a screaming bargain today, but I suspect that a recovering in the cyclical semiconductor, panel, and LED markets will lead to significant stock performance for a year or two.

Weak Tech Markets Sucking Away The Momentum Today

As a leading supplier of vacuum pumps and exhaust abatement systems to the semiconductor...

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