Hutchinson Technology Incorporated (MM) (HTCH) News

Are you an idiot?? It clearly stated $4.00 per share. What a bunch of rookies

Hutchinson Technology Announces Early Termination of Hart-Scott-Rodino Waiting Period

http://ih.advfn.com/p.php?pid=nmona&article=72500446&symbol=HTCH

http://ih.advfn.com/p.php?pid=nmona&article=72500505

Congratulations to all that held or bought during the recent lows here.

GLTA!

Unit demand in disk drives seems to be picking up a bit

http://www.barrons.com/articles/BL-SWB-44743

Looks like a higher open today. Trade of 1.56 in pre-market as well.

My experience is that when it pinches and moves up some traders exit causing a pull back, then the true investors start to buy, if the stock is very oversold and has merit based on it's true value.

So it ran up and pulled back (large block sales) and should start to move up again or sideways.

I have seen this happen many times.

That is my best guess.

DI needs to turn positive in a bad way and pincher should take effect imo. Everything else is there.

Have you all read the merger agreement between TDK and HTCH?
I have....
I am not an attorney ... but I do like what I see there

Definitely a pincher that is why I am here.
Looks like 1.75 after market.

I like that ,

nice ADX/PPO pinch as well

Direction - Date - range
down - Jul-27-2016 - 2.42 to 2.21
down - Jul-26-2016 - 3.22 to 3.19
down - Jun-29-2016 - 3.63 to 3.48

Gap-black


Read more at http://www.stockta.com/cgi-bin/analysis.pl?symb=HTCH&cobrand=&mode=stock#MlWmEWj2GtVTO9mG.99

I agree. Just reporting the activity new resistance after 1.69 is 2.07 per Trade Ideas not exactly sure how accurate trade Ideas is but we are spending some time at 1.68 to 1.70

It's okay to sell your shares. It's just not okay to ask others to follow without through disseminating falsehoods and baseless conclusions

HTCH 1.57 bottom bounce , gap fill idea 2.4

More real-time, a large block sell order went through at the market and dropped the price, more than likely temporarily.

You have to be patient with this and ignore the fast press. There's an agreement here and there's a reason for the deal. The fact that the FTC is seriously analyzing the deal is enough to make it a big buy because the company has an important critical product. I was privileged to work on the deal that brought western digital and Seagate together so I am not a novice when it comes to why I believe the deal will go through. For those that believe that if tdk fails the company will go under and have no more deals.... good luck. I am loaded on their shares now. I don't shout fire when there's not even a smoke

Lets hope it at least fills the gap at 2.42

Bot more today at $1.46. Like I said in my earlier post, nothing stops $3 minimum here. That's over 100 percent for current buyers

HTCH RSI=4 Stock is Extremely Oversold Chart Company also has a buyout offer on the table for 4$ per share

Under the terms of the merger agreement, TDK will acquire all of the outstanding shares of common stock of HTI for base consideration of $3.62 per share, plus additional consideration of up to $0.38 per share

http://finance.yahoo.com/news/hutchinson-technology-reports-third-quarter-123000233.html

Per Trade Ideas next resistance 1.69 new highs today 12

News in Marketwatch can't post link.

HTCH expects 4th qtr suspension assembly shipments to decline to between 70 to 80 million as opposed to fall by 70 to 80 million as previously stated on July 29.

Finally a breakout! At least it is trying to breakout.

Based on shares outstanding that would be a share price of $3.70 to $4.12

Got some at $1.39 but not all. So, can someone publish additional silly pieces until I am able to buy all I wanted...pleez

HTCH RSI=4 Trading Under Cash W 4$ Buyout offer on the table

Sorry Dee... I will reply publicly. I am actually surprised that the regulators are taking this long to approve what is really not a critical technology in this age. With the decline in PC, what could be the big deal to holding forth on this.

I will join you guys later today... hopefully $1.32. This will trade above $3 this year. Someone will tell me how the FTC will permit the company to go under in the name of regulation where such regulation actually kills the company and its technology. I am tied up cash wise but hope to have finds after noon in account.

Cash per share 1.39???

I think TDK was already investigated by US FTC in the past for alleged price fixing in the capacitor industry
Old habits die hard I guess

If HTCH were in such dire situation, why would TDK have offered to pay between $3.62 and $4.00 per share in CASH for the company... Obviously TDK saw at least that much value in HTCH.
I am inclined to agree with them.

A negative article on SeekingAlpha on HTCH

https://stockzebra.wordpress.com/2016/08/01/htch-a-short-thesis-on-seekingalpha/

An excerpt from the deal announced 9 months ago:
November 2, 2015 8:09 AM
TDK Corporation ("TDK") and Hutchinson Technology Incorporated (Nasdaq: HTCH) jointly announced that they have entered into a definitive merger agreement under which TDK will acquire all of the outstanding shares of common stock of HTI for base consideration of US$3.62 per share, plus additional consideration of up to US$0.38 per share, depending on the level of cash (subject to certain adjustments) less any outstanding borrowings on HTI's revolving line of credit ("net cash") held by HTI as of the last day of the fiscal month immediately preceding the closing date. The amount of additional consideration, if any, will equal approximately US$0.01 per share for each US$500,000 of HTI's net cash over US$17.5 million as of the measurement date. As of September 27, 2015, HTI's net cash position was approximately US$40 million. In addition to the satisfaction of HTI's outstanding debt, the merger values HTI's equity at approximately $126 million to $140 million on a fully diluted basis.

If one of their main competitors was willing to pay $126 -$140m of CASH for the equity, then it's very likey to be worth that much ... Not the $67m market cap it's currently trading for... IMHO

TDK is under agreement to pay $4/share in CASH...
Now you can buy it for $2!!
Seems like a bargain to me....

More info
https://stockzebra.wordpress.com/2016/07/27/htch-drops-on-tdk-probe/

I bought a little today at 2.02.

Sounds right to me...
They've probably been suppressing component prices for years ... Culminating in HTCH's decision to sell.
My WAG is that someone at STX or WDC or other tipped US FTC to this and they, in turn, tipped Japan's FTC to this. Not sure if HTCH will/would have the same recourse against TDK if it's Japanese authorities that block the deal (as opposed to US authorities)...
Still, if HTCH has any kind of decent legal representation, one would think there are covenants in the pending deal that would cause a "make good" of some kind if the deal were blocked due to illegal activity or fraud or false statements ... After all, HTCH has totally lifted its kimono (pardon the pun) for TDK I'm sure... Pricing, sourcing, r&d plan, you name it...

A company in the same business (TDK) was willing to pay $3.5 - $4.0/share for HTCH and now it's $2.05...
Seems like there has to be value between $2 and $3.5 in my opinion

I bought some today... But this could take months to sort out and HTCH could be forced to operate in the red for a while ... Total cluster

That is helpful info. Sort of funny in that if we had never ever heard of the merger and Hutch was just carrying on as normal then that sort of news would have resulted in a nice price bump up for HTCH stock. My guess is TDK and NHK were selling suspensions well below their actual costs, in other words at a loss. Hutch has been paying the price for this for several years now.

Here is the reason for the price collapse.

https://stockzebra.wordpress.com/2016/07/27/htch-drops-on-tdk-probe/


Earnings on Friday before market open.

Hi Snooze, Excellent post and interesting thoughts. If only we knew what was going on. This could be a great buy....or not.

Seems like FTC may have discovered some TDK practices that it may be interpreting as anti-competitive...
Could mean TDK won't be allowed to buy HTCH
Then again, if the deal falls through due to fraud or unlawful activity discovered at TDK, I would think HTCH would be entitled to a meaningful break-up fee...
I would guess that litigation between HTCH and TDK is highly likey if FTC kills the deal due to price manipulation at TDK and NHk... After all, HTCH has undoubtedly shown EVEREYTHING to TDK including product plans, pricing etc and has probably been impacted in current sales with existing customers due to the impending deal... Seems rife for a claim if you ask me...
I am not a lawyer though and everyone should do their own analysis and draw their own conclusions.

Perhaps the FTC is killing the TDK buyout?

Looks like bad results have leaked.

Looks ready for a tear to $3

HTCH 3.59 tight flag, tighten range

Looks like up from here maybe, Thanks :~)

Gotta have faith or at least look like it!

Insider Buying

HTCH RUSSOMANNO FRANK P Director Aug 27 Buy 3.42 2,000 6,840 47,042

Back under three bucks.

~ $HTCH ~ Daily Par Sar Buy Signal ~ Criteria alert triggered during a recent trading session!

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c

Looking promising. New item could be big on the market..

Surprised to see nothing here. This is a huge turnaround company...opportunities like this don't come often. $1.30 was an amazing time to load up...still doing it at these levels in fact.

-A

more to come here...

turnaround stage here. locked and loaded...