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@PonziMormon@AlbertonFreeman@ProudSocialist Depends on the school of thought, so the general statement is wrong. Its right to say that for chicago school(neoliberalism), but not for post-keynesian and mmt which is grounded in empiricism.
$SCIA looks interesting again after a breakout quarter. Trading at single digit run-rate EPS w record backlog, no debt and 99%+ of revs tied to the photonics industry.
SCIA's sputtering targets (mainly ITO) show up in dozens of peer-reviewed studies next to Coherent's excimer lasers. Acc to an industry expert, Coherent sources ~40% of its materials externally.
Mgmt attributed a big part of the breakout quarter to new products launched last year. They introduced two, but they consistently flag one: a new ITO formulation.