3SOF

ER last night

Quote from: BigSully1 on February 14, 2008, 10:42:46 AM
ER last night

Awesome results

• Amkor Reports Strong Fourth Quarter 2007 Results
Business Wire (Wed, Feb 13)

This stock went down from $16 to $6 while fundamentals kept improving ... the market works in strange ways, sometimes discounting totally wrong scenarios. This is why one is better off trusting is own judgment than the market's judgment, thinking with his own head instead of following the crowd. Of course, one needs to be objective and not fall into hoping and wishing. He also needs to be humble and recognize when he made a mistake, a mistake that needs to be corrected.

Coming back to AMKR, $0.46 quarterly EPS was the highest in the company's history, going back to 1997. 

Now analysts estimate AMKR will earn $1.22 in 2008 (up from $1.11 in 2007) and $1.39 in 2009. The growth rate expected for 2009 is about 14% and the forward EPS multiple is 8.1. This is cheap.

I guess the multiple will equal the growth rate in the current bull run, this would mean AMKR would run to a value of $19.46 a share.

I feel like buying it back (I sold it at $13.71 in the past - it's a pity I didn't buy it back in the $6-$8 range) now ... but I'm fully invested and not thinking of selling anything for now.

Good luck if you own AMKR

It's funny reading what I wrote just above, in the days of my ignorance (which unfortunately persist, hopefully a little less).

AMKR is "cheap", if "cheap" means valued at a discount relative to its peers. Even yesterday AMKR reported higher than expected results:

Amkor Technology 1Q profit more than doubles on sales
AP (Wed 5:44pm)

The stock was up 10% in after hours trading.

AMKR is cheap, most people can see that through simple calculus and comparisons. But why?

It is cheap because of the following:



(sorry for the scroll)

Ok, you see there are 7 analysts providing estimates for 2008 ($1.17 EPS), 6 analysts with estimates for 2009 ($1.36 EPS), but just one single analyst providing estimates for 2010, and he's calling for a drop in EPS to $0.13.

The guy making this 2010 call is Timothy Arcuri, from Citigroup:



Actually, yesterday, due to stronger than expected results, he raised his 2010 EPS estimate from $0.13 to $0.14 (wow) and maintained his SELL rating (you have the full report attached below).

On March 18th, 2008, the referred analyst wrote a report called:

Why AMKR Can Go Back to $8; Reiterate Sell

(you also have this one below)

His calls and predictions are the main reason why AMKR is valued at a discount versus its peers. Now, two things may happen: other analysts risk more and also make calls for 2010, potentially raising the 2010 EPS estimate or else, this Citigroup analyst changes his mind. I guess one of these would be really strong catalysts for AMKR to correct its discount and potentially trade at a premium. While none of these happens, every rally will probably be met with selling pressure, as AMKR trades between, say, $8 and $12.

AP
Amkor Technology expects 2Q profit above analyst estimates
Wednesday April 30, 5:52 pm ET 
Amkor Technology forecasts 2nd-quarter profit above Wall Street estimates; shares rise


CHANDLER, Ariz. (AP) -- Microchip chip assembly and test company Amkor Technology Inc. on Wednesday forecast second-quarter profit above Wall Street forecasts.
The company anticipates profit of 32 cents to 36 cents per share, while analysts polled by Thomson Financial expect profit of 28 cents per share. Analysts typically exclude one-time costs and gains from their estimates.

Amkor also predicted sales would rise 1 percent to 3 percent from the first quarter, implying revenue of approximately $706.5 million to $720.5 million. Analysts forecast sales of $700.6 million.

Shares in the Chandler, Ariz.-based company rose 94 cents, or 9.8 percent, to $10.49 in after-session trading following the release of the second-quarter outlook. The stock earlier slipped 5 cents to close at $9.55.

AP
Amkor Technology 1Q profit more than doubles on sales
Wednesday April 30, 5:44 pm ET 
Amkor Technology 1st-quarter profit more than doubles on wireless and network sales


CHANDLER, Ariz. (AP) -- Microchip assembly and test company Amkor Technology Inc. said Wednesday its first-quarter profit more than doubled on an increase in wireless and network sales and a gain on currency transactions.
Shares in the Chandler, Ariz.-based company rose 10 percent to $10.50 in after-session trading following the release of the first-quarter results.

Net income rose to $72 million, or 36 cents per share, compared with $34.6 million, or 18 cents per share, in the 2007 first quarter.

Income included $9.5 million earned on foreign currency translations, primarily on the depreciation of the Korean won.

Sales rose 7.5 percent to $699.5 million, compared with $651 million in 2007.

Analysts polled by Thomson Financial expected profit of 26 cents per share on sales of $700.6 million.

Chief Executive James Kim said the company exceeded its sales and profitability targets on wireless and networking application demand.

updated chart look...

Undervalued/pullback in uptrend.......
AMKR is very undervalued: PSR is .58 vs industry avg of 6.07; PCF is 3.20 vs 33.50; P_Bk 2.43 vs 3.76.

Amkor Technology, Inc. is the largest subcontractor of semiconductor packaging and test services. Provides a wide portfolio of packaging and test technologies and services; Maintains a primary role in the design and development of new package and test technologies; Cultivates long-standing relationships with customers, including many of the world's foremost semiconductor companies; Develops expertise in high-volume manufacturing processes to provide services; and Provides a broadly diversified operational scope, with production capabilities in China, Korea, Japan, the Philippines, Singapore, Taiwan and the United States U.S. Packaging and test are integral parts of the process of manufacturing semiconductor devices. This process begins with silicon wafers and involves the fabrication of electronic circuitry into complex patterns, thus creating large numbers of individual chips on the wafers. The fabricated wafers are probed to ensure the individual devices meet design specifications. The packaging process creates an electrical interconnect between the semiconductor chip and the system board through wire bonding or bumping technologies. In packaging, individual chips are separated from the fabricated semiconductor wafers, attached to a substrate and then encased in a protective material to provide optimal electrical connectivity and thermal performance. The packaged chips are then tested using sophisticated equipment to ensure that each packaged chip meets its design specifications. The principal materials used in its packaging process are leadframes or laminate substrates, gold wire and mold compound. The semiconductor packaging process uses chemicals and gases and generates byproducts that are subject to governmental regulations. As of December 31, 2005, Amkor had 24,000 full-time employees.


Technicals
13-day EMA Cross Above 50-day MA
Close Above the 50-day MA
Close Above the 13-day MA
Gap Up
Percentage Gainer

Last Price Quote is:
7.81%above 13-day MA
8.45%above 50-day MA
RS Rating: 63 

Fundamentals
Analyst Upgrade to Buy

Key Data:
Market Cap (M): $1,942.66 
P/E Ratio: 8.28 
PEG Ratio: 0.86 
Next Earnings: 08/05/2008
Last Analyst Rating: Buy

 
Amkor Technology upgraded to buy from neutral at American Technology Research
Monday , June 16, 2008 21:50ET

SAN FRANCISCO, Jun 17, 2008 (Thomson Financial via COMTEX) -- Shares of Amkor Technology Inc. rallied Monday after American Technology Research upgraded the stock to buy from neutral, citing demand strength for high-end handsets that will likely require increased stacked die assembly and packaging through the second half of 2008.

The Chandler, Ariz.-based company provides semiconductor packaging and test services.

A recent enterprise resource planning system disruption at Amkor's Philippines facility in early May also appears to be contained and is well understood by investors, the broker said.

"Amkor has strong customer exposure in the communications segment from most of the major handset and communications related chip customers," analyst Bill Ong said in a note to clients.

He raised per-share profit estimates for 2008 and 2009 to $1.38 and $1.45, respectively. The mean estimates of analysts polled by Thomson Reuters were per-share profits of $1.33 in 2008 and $1.36 in 2009. Ong has a price target of $14 on the stock.

Amkor shares were trading up 11% at $11.75. Brigid Gaffikin bg/pc

Press Release Source: Amkor Technology, Inc.


Amkor Technology to Announce Fourth Quarter 2008 Financial Results on February 12, 2009
Tuesday January 20, 1:41 pm ET


CHANDLER, Ariz.--(BUSINESS WIRE)--Amkor Technology, Inc. (Nasdaq:AMKR - News), will issue its financial results for the fourth quarter of 2008 after the close of trading on the NASDAQ Global Market on Thursday, February 12, 2009. At 5:00pm Eastern Time, Amkor management will host a conference call to discuss the company's financial results.


This call is being webcast by Thomson Financial and can be accessed at Amkor's web site at www.amkor.com. You may also access the call by dialing 303-228-2960. A replay of the call will be made available at Amkor's web site or by dialing 303-590-3000 (access passcode # 11124867).

The webcast is also being distributed over Thomson Financial's Investor Distribution Network to both institutional and individual investors. Individual investors can listen to the call through Thomson Financial individual investor center at www.companyboardroom.com or by visiting any of the investor sites in Thomson Financial's Individual Investor Network. Institutional investors can access the call via Thomson Financial's password-protected event management site, StreetEvents (www.streetevents.com).

About Amkor

Amkor is a leading provider of semiconductor assembly and test services. The company offers semiconductor companies and electronics OEMs a complete set of microelectronics design and manufacturing services. More information on Amkor is available from the company's SEC filings and on Amkor's website: www.amkor.com.


Contact:
Amkor Technology, Inc.
Laura Doern, 480-821-5000 ext. 5388
[email protected]

--------------------------------------------------------------------------------
Source: Amkor Technology, Inc.



52wk Range: 1.33 - 12.70
Volume: 1,111,408
Avg Vol (3m): 2,042,850
Market Cap: 508.84M
P/E (ttm): 2.14
EPS (ttm): 1.30
Div & Yield: N/A (N/A)

Technicals
Last Price Quote is:
11.60%above 13-day MA
2.78%above 50-day MA
RS Rating: 28 

Fundamentals
Earnings Expected on Feb 12

Key Data:
Market Cap (M): $424.64 
P/E Ratio: 1.78 
PEG Ratio: N/A 
Next Earnings: 02/12/2009
Last Analyst Rating: Hold

updated chart look...

updated chart look...

The Golden Cross...


52wk Range: 1.33 - 11.82
Volume: 3,159,022
Avg Vol (3m): 2,963,440

Technicals
Last Price Quote is:
5.08%above 13-day MA
21.03%above 50-day MA
RS Rating: 90 

Fundamentals
Key Data:
Market Cap (M): $891.38 
P/E Ratio: 2.22 
PEG Ratio: N/A 
Next Earnings: 08/04/2009
Last Analyst Rating: Hold

Amkor Technology announces succession plan
Amkor Technology president Ken Joyce to become CEO Oct. 1 as part of succession plan
On Monday June 29, 2009, 5:14 pm EDT

NEW YORK (AP) -- The president and chief operations officer of microchip assembly and test company Amkor Technology Inc. will become CEO later this year, as part of a succession plan the company announced Monday.

The Chandler, Ariz.-based company said Ken Joyce will become CEO and president effective Oct. 1. He will also join the company's board of directors.

The company's current founder, chairman and CEO, James Kim, will become executive chairman of the board of directors.

Joyce joined Amkor in 1997 and worked as executive vice president and chief financial officer for eight years until becoming chief administrative officer in 2007. He became chief operating officer in February 2008, and president in May 2008.

Company officials did not immediately return calls seeking comment.

Shares rose 19 cents, or 4.21 percent, to close at $4.70 for the day.


52wk Range: 1.33 - 10.87
Volume: 3,207,162
Avg Vol (3m): 2,966,650

Technicals
Close Above the 13-day MA

Last Price Quote is:
2.86%above 13-day MA
11.39%above 50-day MA
RS Rating: 88 

Fundamentals
Key Data:
Market Cap (M): $825.49 
P/E Ratio: 2.22 
PEG Ratio: N/A 
Next Earnings: 08/04/2009
Last Analyst Rating: Hold

CHANDLER, Ariz., Jul 10, 2009 (BUSINESS WIRE) -- Amkor Technology, Inc. (AMKR, Trade ), will issue its financial results for the second quarter of 2009 after the close of trading on the NASDAQ Global Market on Wednesday, July 29, 2009. At 5:00 p.m. Eastern Time, Amkor management will host a conference call to discuss the company's financial results.

This call is being webcast by Thomson Financial and can be accessed at Amkor's website at www.amkor.com . You may also access the call by dialing 877-941-9205. A replay of the call will be made available at Amkor's website or by dialing 800-406-7325 (access passcode # 4108562).

The webcast is also being distributed over Thomson Financial's Investor Distribution Network to both institutional and individual investors. Individual investors can listen to the call through Thomson Financial individual investor center at www.companyboardroom.com or by visiting any of the investor sites in Thomson Financial's Individual Investor Network. Institutional investors can access the call via Thomson Financial's password-protected event management site, StreetEvents ( www.streetevents.com ).

About Amkor

Amkor is a leading provider of semiconductor assembly and test services. The company offers semiconductor companies and electronics OEMs a complete set of microelectronics design and manufacturing services. More information on Amkor is available from the company's SEC filings and on Amkor's website: www.amkor.com .

SOURCE: Amkor Technology, Inc.


Amkor Technology, Inc.
Patty Bruner, 480-559-5454
[email protected]

TheFortuneFinancial.com Free Market Research on PBCT, TSFG, ROST, VPHM, SBUX and AMKR
NOTE TO EDITORS: The Following Is an Investment Opinion Being Issued by TheFortuneFinancial.com.
Press Release
Source: The Fortune Financial
On Wednesday July 8, 2009, 7:11 am EDT
Companies:Amkor technology, inc.People's united financial inc.Ross stores inc.
TheFortuneFinancial.com provides the highest level of independent research and investment strategies with the sole purpose of consistently identifying stocks that provide the biggest return on investment for our subscribers. Investors seeking free and unbiased analyst opinions on the companies mentioned in this release are encouraged to register at http://www.thefortunefinancial.com/index.php?id=78 for a free subscription to access these reports.

Today, we have asked some of the top analysts worldwide to give us their updated feedback regarding the current market activity and position on People's United Financial Inc. (NASDAQ:PBCT - News), The South Financial Group (NASDAQ:TSFG - News), Ross Stores Inc. (NASDAQ:ROST - News), ViroPharma Incorporated (NASDAQ:VPHM - News), Starbucks Corporation (NASDAQ:SBUX - News) and Amkor Technology Inc. (NASDAQ:AMKR - News).

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Contact:
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Amkor Technology to Announce Second Quarter 2009 Financial Results on July 29, 2009

Updated chart scene...

52wk Range: 1.33 - 9.54
Volume: 5,496,651
Avg Vol (3m): 3,040,880

Technicals
Percentage Gainer

Last Price Quote is:
6.88%above 13-day MA
13.29%above 50-day MA
RS Rating: 86 

Fundamentals
Key Data:
Market Cap (M): $852.94 
P/E Ratio: 2.22 
PEG Ratio: N/A 
Next Earnings: 08/04/2009
Last Analyst Rating: Hold