PLAB - Market May Have Overreacted Even If U.S.-China Trade Tensions Are Taking A Toll On Photronics
- Photronics had a good year in FY2020, but the way the year ended in Q4 gave reason to be concerned.
- A number of factors contributed to weakness in Q4, the most important one being rising tensions between the U.S. and China.
- Photronics expects to grow in FY2021 after some short-term weakness and it points to several reasons as to why such a goal is feasible.
- Photronics is getting cheaper as the company continues to grow, but this cannot last forever.
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Market May Have Overreacted Even If U.S.-China Trade Tensions Are Taking A Toll On Photronics