KLIC - Kulicke And Soffa Industries: Still Waiting On The Next Upturn

2024-03-28 16:25:38 ET

Summary

• KLIC has seen its stock consolidate for over a year and there is reason to believe that could continue for a while longer.
• The timing of the next upturn has been thrown into disarray after KLIC altered its outlook due to unexpected headwinds.
• Sales and profits are way down and guidance does not see much change, but that could change very quickly given past history.
• KLIC was put in its present predicament by the end of the last upturn and another upturn is likely to be the catalyst needed to get out of it.

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