Veeco Instruments, Inc. (NASDAQ:VECO)

ev/ebitda = 1.52. Paulson.

MagInv*

Another beaten down tech stock - Price/Sales at 0.8, Price/Book at 1.2, a lot of cash and little debt, will turn around in the next cycle

Undervalued due to an overreaction to a temporary slowdown.

28.12

LEDs are the future

great one

This stock needs a deeper haircut which it will definitely receive soon. While doing my research, I finally pieced together what investors in this stock don't realize: the bottom is about to fall out. There are numerous reports of companies in China taking equipment sales such as Komatsu and not being paid. Combined that with the huge burdens of the local government vehicles, elimination of subsidies, and quite frankly extremely hot sales and you have a recipe for a disaster for the upcoming year. Investors are still slowly riding this company because it has a decent balance sheet and is well managed. But you can only do so much as a capital intensive company. Another thing, while they do have a lot of cash you have to wonder: how is that cash going to hold up when sales dry up? Veco's customer delays about construction projects pushing out sales further in the quarter are going to blow up.

The final nail in the coffin is AIXG. They just preannounced that sales in China were down significantly and in fact, are going to miss almost a whole quarters revenue. There is no way Veco who is more leveraged to China than Veco is going to escape. If anything, their silence on this matter is making this a particularly interesting short.

Cheap by the metrics. LEDs are the way of the future.

Veeco makes equipment used to grow the crystals used in LEDs. I think there will be much growth in the use of LED lighting over the next several years.

High growth opportunities in LED market, low PE, low PEG, small cap poised for multiple expansion. Strong takeover candidate, operating margins would improve if assimilated by a larger semi-equipment manuf. AMAT, are you listening?

Great margins, good room for growth. Looking forward to the earnings report after market close.

magic formula

Great profitability, revenue & earnings growth. Solid balance sheet.

Magic Formula

Veeco Instruments has a healthy return on capital at a value price. It gets my green thumb.

Outstanding Margins...A very low P/E and great growth prospects in an industry that is so essential and has great future

Seems to have been hit hard by talk of Chinese subsidies coming to an end despite plenty of order backlog, extending well beyond the July expiration.

Solar LED play. Its my bag baby.