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The stock has stalled after a big run, even though earnings growth is strong as ever thanks to an expansion that has legs to it.
The chart patterns reveal a certain level of resilience in PLAB despite all the recent headwinds, which bodes well going forward considering the circumstances.
PLAB is still relatively inexpensive with multiples where they are, especially considering the amount of ground covered in the last 12 months.
There are risks out there and patience may be needed, but long PLAB is worth it all things considered.