Nanometrics (NANO-U)

NANO has $33M net cash, but is still struggling to get to any meaningful revenue. Cash burn was $12M in the last 12 months. It had a corporate update in August, outlining its progress with CBMM, commercializing of its One-Pot technology, six new patents and new potential partners. But there was not a lot of 'meat' in the release. The stock is up 15%, and market cap is now $300M, so expectations remain very high for a company expected to have less than $5M in sales next year. Losses are expected to continue for some time. The technology is interesting, no doubt. But it is hard to just 'assume' everything is going to work as planned, in scale, and profitably. Thus, we have to stay on the cautionary side here. 
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They are involved in semi-conductors. The recent breakout blasted it out of its consolidation range. Recent analyst comments have been very positive. It is not going to be a typical holding, but he likes it for the upside potential. Yield 0%. (Analysts’ price target is $38.00)