The 13% or better YOY gains in sales that the two Taiwan OSATs have posted for Jan and Feb show how strong the market is in Q1, not that they are taking sales from Amkor. As I see it there is no reason for them to rise and Amkor's price fall. Except for the same old problem that the hedgies can do it any time they want.
My guess is that the 4 to 14 cent projection that Kelley gave for Q1 was an example of, "Under promise, over deliver" (in today's CEO speech for what we used to call sandbagging.) By these competitor's number, Amkor sales should be above 800K and earnings at 20 cents or better. I was really surprised how strong Q4 was with the 38 cent earnings number. If the new sales strategy, including the Apple sales and other gains is now starting to show on the profit side and this is the new level, does that 20%+ gain carry on for the rest of the year? That would be great! I did not understand the timing of building of K-5. This could well explain management's decision. We will hear at the end of April at the CC, there won't be any forward looking information coming out of the Investor Relationship Black Hole. That's one change that Kelley did not make.
If I'm right, 2015 could be great for us longs.
Hey guys, still kind of a new investor and I was wondering what your guys thoughts were on why this has been going down consistently. I was pretty sure we were gonna get a slight bump back today but it went down just slightly.
Still fairly new to stocks myself, but I can solidly offer you this:
This stock has been the most consistent and productive stocks I've owned yet. Unfortunately, I sold the stock a short while back when it hit 9.65, a full buck and half over what I had paid just 3 weeks earlier. The plan was to get it back around 9.15 and pocket some cash, but so far it has yet to dip back that low.
Needlesstosay, getting this stock back is a top priority for me right now and I may have to bump the restock limit a bit to get it.
This is one train I don't want to miss out on. I don't know enough to say where this stock will ultimately land, but I am quite certain it will rise significantly higher than it currently sits.
Per Thompson Reuters, 5 analysts covering stock --avg rating Buy with Price target $8, $10, $11 a share (Low, Mean, High). But earnings fcst flat for next qtr and down 2015 from 2014.Impatient holders may drive it down a bit, but looks better longer term.
sold shares recently at $9.97... highly cyclical stock in highly cyclical sector... just entered limit orders to buy again at $7.53/share.... hope it will strike in next 5 months. made 30+% gains trading AMKR for last 4 years ! appears to have much stronger fundamentals with Stephen Kelley driving the business.
I also sold recently but not at high - saw action I did not like. I would also buy again but would not wait for $7.53. $AMKR looks stronger than that. Fun to watch.
Yes i was dreading the same thing. Whenever any stock i own and Zack start pumping it means to get out. It happened few times with me already. The whole market is down but come on this thing is falling like there is no tomorrow