Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: Chip equipment specialist Lam Research
So what: As my fellow Fool Matt Koppenheffer noted earlier today, Kulicke & Soffa's
Now what: While the short-term outlook for semicap equipment stocks is bleak, I'm heeding Matt's advice on this one and taking the long-term view. In particular, Lam's ultra-efficient operations make it one of the more profitable players in the space. Couple that with a cheapish forward P/E of eight, and Lam looks like an attractive bet to rebound.
Interested in more info on Lam? Add it to your watchlist here by clicking here.
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