There's a quote you will hear once in a while around racing tracks that goes “to finish first, first you have to finish”. Given the nasty cyclical decline in semiconductor and flat panel manufacturing, and the near-death spiral of solar power, that seems like a relevant starting point for a discussion of Advanced Energy Industries (Nasdaq:AEIS). While conditions look pretty uninspiring today, AEIS has maintained solid market share through this downturn, has a liquid balance sheet, and should be poised to benefit when its core markets ultimately turn around.
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http://www.investopedia.com/stock-analysis/051313/advanced-energy-industries-hanging-turn-aeis-pwer-mksi-si-ge.aspx
Investopedia: Advanced Energy Industries Hanging On For The Turn
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