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Varchild2008 (84.02)

Hey CITIGROUP!! Downgrade my Stock Further Please! (AMAT)



July 15, 2008 – Comments (1) | RELATED TICKERS: AMAT

Just 2 trading days after Citigroup downgraded Applied Materials from Buy to Hold, Applied Material's stock price is up 3%... Well within an 18 handle!

*gloat*  *gloat*

This goes to show that analysts that prance around analyzing stocks aren't very smart to post their opinions just 2 trading days before the pre-announced Conference Call. 

Turns out that the Semiconductor business is in the toilet for the forseeable future.  But, Applied Materials is different than most other semiconductors in that it has a Television Display and Solar Energy business (among other unique products in it's portfolio).  Applied Materials is learning how to deal and cope with a downturn in semiconductor sales by strengthening their product line and inventory in the other businesses it has.

Turns out... AMAT is expecting RECORD Revenue/Profits from it's display technology and it expects by the end of this year that it's SunFab line will be up and chugging along.

So...  If my stock gets a 3% lift-off shortly after CITIGROUP downgrades the stock.... I have 1 thing to say...

CITIGROUP!!  Downgrade the stock further!

1 Comments – Post Your Own

#1) On July 15, 2008 at 1:51 PM, Varchild2008 (84.02) wrote:

Another point I should have made....

AMAT has got an Environmental, Green Building Code, Glass Technology product lineup right now.  This is something new and I know very little about this.

I am also an investor in Southwall Technologie's stock and that company is almost exclusively into energy conservation glass film technology.  Their business is into many more areas than just Windows for Buildings....

However, SWTX.OB is under a bit of pressure lately from a possible Patent situation with Pilkington.

I suppose.... If Southwall Technologies goes "Bust" on me.. I can salvage the money through a liquidation sale and throw it into Applied Materials.

I certainly didn't want to end up investing in 2 stocks that share the same business!

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