- We have been amazed with the price decline in Electro Scientific for some time, as we didn’t see the severe downturn that was being priced in.
- And as it turns out, the company just keeps on humming along, raking in large amounts of cash flow in the process.
- In the meantime, it’s going to enter a bigger market later this year and while success isn’t guaranteed, this can further reduce the cyclical nature of the business.
- We still think the shares are too cheap here.
Electro Scientific Was Priced For A Severe Downturn That Never Happened
August 6th, 2018 · No Comments