Of course its to be expected that the analysts would come out with their long knives right after the disappointing results/guidance.
Bringing down the fy15 estimates is warranted but not fy16 estimates with such a major addition of the j-devices results going to be included in their numbers.
55 cents after they consolidate the J-devices results is ridiculously low.
It will more than likely be closer to double that.
Why on earth is this down from 10 to under 5? I am looking at the valuation and it makes no sense. I believe it should be worth $10, what do you think.
Trust me on this I've followed this stock for more than 5 years. Take a look at a 10 year chart pattern. Be informed, the company has more than 600 patents. STRONG BUY! With under 4 minutes to the closing bell, AMKR is at $4.195
Those that sold here and have available cash, check out QTWW. Current bid there $2.01 with plenty of room for upside going into 2016.
Sentiment: Strong Buy
I don't think he can buy in the open market. Wouldn't those shares be voting shares and isn't he at the limit if they wish to remain a public company as they have said many times in the past? Also I would think that he has inside information that would not allow him to purchase. All the share he has gained since he put together the $3.02 CD I believe were part of the management share option plans, not open market purchases. They have many of the shares in family trusts beside in his own name but in the annual report they do report that they are under his control.