Lithography specialist ASML (ASML)
reduced guidance on March 30 and did indeed see an impact to results in
the first quarter, but I would argue that the results (including
orders) reflect the underlying strategic value and necessity of the
company’s lithography systems (especially the emerging EUV opportunity) –
a reality that significantly mitigates the company’s downside risk in
this period of significant economic upheaval.
The
full-out panic back in March did take these shares back below $200, and I
hope readers who had watch-list’ed this name stepped up and took
advantage, as the shares have shot back up almost 60% and once again
trade at a healthy premium. While another Covid-19/recession-related
pullback is at least possible, investors are once again left dealing
with a stock that offers “okay” potential from here.
Click here to read the full article:
The Strategic Value Of EUV Limits ASML's Downside
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