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Electro Scientific Was Priced For A Severe Downturn That Never Happened

August 6th, 2018 · No Comments

  • 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.

Source: Electro Scientific Was Priced For A Severe Downturn That Never Happened – Electro Scientific Industries, Inc. (NASDAQ:ESIO) | Seeking Alpha

Tags: ESIO