Chartered   

Chartered : $1.05, is it a good entry point?

Does anyone out there knows why there is such a big drop in Chartered?

 

I haven't posted on this counter for some time. Now it is officially a penny stock !!

 

Chartering to unknown territory..........

 

current 1.03 to 1.04 is a good buy for long term. it will uptrend anytime from now.

 

NASDAQ 2673.65  89.52  3.46% | DJIA 13307.09  319.54  2.46% | S&P 1481.05  41.87  2.91%

 

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Nov. 13, 2007 Market Closed American Depositary Shares

Market : NASDAQ-GS

Last Sale:	$ 7.23		Net Change:	0.20 2.84%
Share Volume:	38,666		Previous Close:	$ 7.03
Today's High:	$ 7.28		Today's Low:	$ 7.05
Best Bid:	$ 6.39		Best Ask:	$ 7.50
52 Week High:	$ 10.59		52 Week Low:	$ 6.60
P/E Ratio:	23.32		Shares Outstanding:	253,590,000
Earnings Per Share (EPS):	$ 0.31		Market Value:	$ 1,833,455,700
NASDAQ Official Open Price:	$ 7.09		Date of Open Price:	Nov. 13, 2007
NASDAQ Official Close Price:	$ 7.27		Date of Close Price:	Nov. 13, 2

 

Chartered Semiconductor Manufacturing (CHRT - Cramer's Take - Stockpickr - Rating) makes wafer fabrication technology for semiconductor suppliers and systems companies in North America, Europe and Asia. It has been upgraded to a hold from a sell. The company's net income increased 369.7% to $114.76 million in the third quarter compared with the same period last year. Chartered Semiconductor's debt-to-equity ratio is somewhat low overall, but is high when compared to the industry average. Earnings increased to 40 cents per share in the third quarter compared with 8 cents a share in the same period last year.

However, the company has shown a weak operating cash flow, and its stock price has decreased by 3.95% in the last 12 months. This depressed price could be one of the factors that may help make the stock attractive down the road. However, right now TheStreet.com Ratings believes it is too soon to buy. Chartered Semiconductor had been rated a sell since August 2007.

 

Various indicators seem to be on the other side of the slope.

Don't seem +ve now.

 

usa market future now

S & P + 0.20

Nasdaq +8

Dow 0

after wed and thursday dip, today ? if future is green when sti closed, us market will open green. monitor the future closely today.

 

US Market Closed

NASDAQ 2696  -52.76  -1.92% | DJIA 13265.47  -34.55  -0.26% | S&P 1474.77  -0.85  -0.06%

TSM closed -0.26

Chartered closed 0.05

nasdaq closed negative, most of tech counter closed negative, chartered closed positive. why positive, ask yourself this question.

 

It is not a good buy and after a few weeks, it is back to near $1.05. Other better stocks have already surged up

 

noticed lot of fighting between the bear and bull at 1.06 and 1.07. their result is out and will move up soon.

 

Maybe 1st deal of the day so "X"

 

what does the "X" mean??

 

interesting the "one" who bought at 1.15 bought over 1M shares!!! WOW. So, will this push up the price?

 

Who bought chartered this morning?  1.15??


 

09:15:01	1.140	10,000	Buy Up
09:11:07	1.130	1,000	Sell Down
09:10:26	1.140	20,000	Buy Up
09:07:04	1.140	10,000	Buy Up
09:06:29	1.130	38,000	Buy Up
09:04:23	1.130	10,000	Buy Up
09:04:03	1.130	33,000	Sell Down
08:59:02	1.150	1,151,000	X

 

looking at the TA, this stock seems to be a good buy which also explains why some analyst suggested "Buy". I guess this is due to the over US$100M tax benefit it received. In general, the company is doing fine with plans for expansion to its fab 7 facilities as announced.

 

watching closely for developments ... looking interesting

 

noticed that this counter is moving steadily for the past few days...anyone knows why??

 

 

You should buy the shares.

Last quarter - the counter can hit because they take a charge of USD18 million tax and now this quarter it take a credit tax incentive of USD107 million. The fourth quater is said to be weak. Do you see the difference? SGD1.35-SGD1.45 - was the second quarter range and reduce to ash when they reported the second quater result. Do you think the share now worth at least SGD1.20 now? We alway get surprise from Chartered regarding the tax charge and breaks. It is very clear now. Brokage houses always have their views to reduce or hold and put the target price rather low. What you think the right price for Chartered after a surplus of million in net profit irrespective whether it derived from the tax breaks?

 

 

so buy/sell?

 

UPDATE 1-Chartered quarterly profit rises on tax benefit