Could it be the BlackRock effect? BlackRock announced a 5% stake in AUO at the end of January. Short interest was 32.5 Million a year ago at this time. The shorts made a lot of money as AUO was cut in half in a year. Now is the time for the trend to reverse and the stock to head higher.
This stock is performing badly. The board needs to implement a stock buy back in addition to the dividend to save face. Get this stock up and stop splitting.
Qisda Corporation announced a 6.9% stake here in a 13-G filing dated 01/28/16 And BlackRock announced a 5.1% stake on the same day 01/28/16.
Thanks. That makes two of us.........and crickets......at least today/Saturday.
I don't necessarily see Apple as a huge win.........although others may for a while. But, over time, Apple really squeezes their suppliers on margins. If the additional volume to Apple helps reduce your overall costs (to near the variable cost with fixed costs now divided over many more units), it can be good. But, those who really do best with supplying Apple are those who have many other customers and keep Apple to less than 20% of overall sales.
I need to do more research here and see AUO's OLED experience and such as I spent most of today playing golf and riding my motorcycle. Perhaps tomorrow during the football games, I can go to the site and see what information I can glean there.
How will AUO getting out solar affect their 2016 summer dividend......as it could be a significant reduction.......or a really good yield if they don't cut it much.
Is anyone home here in 2016?
I see there are rumors that AUO could supply OLED panels to Apple........but is this a good deal as Apple is tough on their suppliers.......and have ruined some (see GTAT who helped ruin themselves).
It would seem the dividends will be declining as AUO earnings are declining as they exit their solar panel business.
What is the buying thesis here? The chart seems to have stabilized.