Any thoughts out there about TSM post this sell off?
I gathered from yesterday's ann that management had reiterated guidance for FY13 NPAT of $2m (skewed to the second half). Ned Montarello is stepping down but wasn't this previously flagged? Replacement seems to have significant experience.
General commentary in the market seems to be that earnings should pick up for TSM in FY14.
Keen to see what others think.....
