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October 08, 2013 at 04:50 AM EDT
Hutchinson Technology - Value Alert (HTCH, rated BUY)
<!--[if gte mso 9]> <xml> <o:OfficeDocumentSettings> <o:DoNotRelyOnCSS /> </o:OfficeDocumentSettings> </xml> <![endif]--> <font> Texas (October 8, 2013) Wax Ink has issued a No Investment Interest opinion for Hutchinson Technology, Inc. (Nasdaq: HTCH ) based on a recent baseline equity review that placed fair value between $6-$8. </font> <font> No investment interest means that the current risk reward ratio is neither favorable nor unfavorable for investment consideration at this time. </font> <font> The recent close of $3.56 is approximately 5% above the fair value buy target for the stock and approximately 49% below the fair value close target for the stock. The recent close is also 29% below analysts’ twelve-month $5.00 median price target for the stock. </font> <font> The recent close represents a 111% increase in the one-year price of the stock, while year-over-year sales decreased 11%, year-over-year earnings increased 14%, year-over-year debt decreased 14%, and year-over-year free cash flow decreased 57%. </font> <font> The stock currently has a trailing twelve-month PE Ratio of (5), a PEG Ratio of 0.4 basis estimated forward earnings growth of (14.5%). </font> <font> In the past 52 weeks, share prices have moved between a high of $6.69 and a low of $1.35, placing equilibrium at $3.60. </font> <font> With the recent close, the stock is trading 88% below the 52 week high, 62% above the 52 week low, and 1% below equilibrium. </font> <font> The three-month average daily trading volume for this stock is, approximately 396,000 shares. </font> <font> Hutchinson Technology is a technology manufacturer that creates value by developing solutions to critical customer problems. </font> <font> The company's listed competitors include Headway Technologies , Nitto Denko Corporation ,and TDK Corporation . </font> <font> Financial information contained herein, is based on the company's most recent annual SEC filing for year ending September 30, 2012 and all prices are per share unless otherwise noted. </font> <font> Wax Ink currently has no investment position in any company mentioned in this alert. </font> <font> For use by Accredited Investors as defined under Title 17, CFR §230.500, Regulation D. </font> <font> Copyright © 2013 Wax Ink </font> <font> Wax Ink is a baseline equity research company not licensed or registered with any government agency </font> <!--[if gte mso 9]> <xml> <w:WordDocument> <w:View> Normal </w:View> <w:Zoom> 0 </w:Zoom> <w:DoNotOptimizeForBrowser /> </w:WordDocument> </xml> <![endif]-->
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Hutchinson Technology, Inc.
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