Ashraf Eassa
Long/short equity, contrarian, independent research, tech

Ultratech's Story Is Still Interesting

This note is a follow-on to my previous Alpha-Rich idea on Ultratech (NASDAQ:UTEK), "Buy Ultratech: Significant Upside As Foundry FinFET Delay Offers Compelling Entry Point" in which I argued that a temporary pause in spending on semiconductor logic spending offered investors an opportunity to get long a name that is set to benefit heavily from an upturn in that spending. I also share the sentiments that Mr. Simpson posed in his piece that if Ultratech's LSA tools are the "real deal" then the company becomes a very interesting M&A target.

I'd like to add additional color and to expand upon my original thesis, particularly in light of some recent data-points, as well as an upside case...

Join Seeking Alpha PRO to read this archived article and 11,574 other archived articles
IDEA GENERATORXExclusive access to 10 PRO ideas every day
INVESTING IDEAS LIBRARYXExclusive access to PRO library of more than 15,000 ideas
SECTOR EXPERT NETWORKXExclusive access to all sector experts for direct consultation
PERFORMANCE TRACKINGXTrack performance of all PRO stock ideas
PROFESSIONAL TOOLSXProfessional Idea Filters to zero-in based on industry, market cap and more
"In just the first month of using PRO, I used it to generate two ideas which were actionable for me. As a result of these two positions, I have earned more than 20 times the annual subscription costs for PRO."Michael Yagemann, Greenbridge Capital
"I am pleasantly surprised with the scope of small and mid-cap coverage PRO offers. You can't find that any where else."Patrick Rice, Mainstay Capital Management
You may cancel at any time for any reason, and receive a prompt refund for membership on months paid and not used (max. 6 months). Details