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Read the earnings transcript     26-Oct-09 09:51 am    
And what I got out of it is how corporate America really works, Now. First, they are so focused on the short term which cause you to lose money in the long term. 2nd, american companies continue to invest their money overseas which only means that the jobs in the country are not coming back. 3RD, this so called rally will eventually run out of steam and when it does things will be worse than before tax revenues will be so low that it will cause major cuts at the state and local level — car companies will eventually stop producing cars here — their won't be enough money here to make it profitable anymore. Cohu, wasn't prepared for strong orders because they were so busy outsourcing to Asia, but then they made the decision to ramp up in California because it's not so easy setting up manufacturing overseas when you had a production process that work. So now you are scurry around at higher cost trying to ramp up production. Finally, they sound so apologetic to an analyst how they had to make the product here, please — that's why cohu stock has done nothing for ten years because cohu basically copies all the other companies in their out sourcing ways — well , at some point, all this outsourcing causes a two tier society, and when that happens you'll look more like Mexico than what America once was — and the stock market will eventually figure that out.
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Read the earnings transcript
greendog03 (1 Rating) 26-Oct-09 09:51 am  
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Cohu, Inc. (COHU)

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