Amtech Systems, Inc. (NASDAQ:ASYS)
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The Company is a supplier of horizontal diffusion furnace systems used for semiconductor and solar 'photovoltaic' cell manufacturing. It operates in two business segments: semiconductor equipment and polishing supplies.
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Very bullish here! # 1 reason is CFO bought shares on the open market a few days ago. CFOs of small companies usually don't get paid a whole lot, so this is a very strong signal IMHO. In addition, the balance sheet is amazing - $6 per share in cash (more than 50% of market cap), EV/EBITDA is below 1! P/E ratio is 4, forward P/E is 7. These ratios might sometimes indicate a value trap, but I don't think this is the case here with the CFO buy. Looking at the trend from the past few quarters of income statements and balance sheet numbers, it looks very positive.Saw on this article: http://seekingalpha.com/article/289987-3-replacement-stocks-for-magic-formula-investing?source=email_authors_alerts