When I last wrote about Advanced Energy (AEIS) I noted that while I think this is a strong company in the power components and subsystems space, the risk of further deterioration in the near-term outlook for semiconductors and semiconductor equipment skewed the risk too negatively in view. The shares are down another 10% since then, along with a significant cut to third quarter guidance, and there is no longer much pushback from readers on whether there really is a slowdown underway.
It’s really easy to get an itchy trigger finger with high-quality plays