Steve Kelley - President and CEO
With Toshiba, right now they're driving about $15 million a month in revenue, $45 million a quarter. With J-Devices, it will drive more than $750 million in revenue this year. I think there's potential for more. So J-Devices is pretty significant. When we both add on to Amkor, it'll be a pretty good bump for the company.
Short Interest is down from 19 to 11 mil in 6 months, so least somebody thinks its almost time.
Sounds like it might be 1998 99, in china, but we get no news here.
Honestly this seems almost too good to be true, seems like a virtual lock for a double in the next year or so.
In fact, the current EV/EBITDA multiple is only 3. A modest move to 5, and this is a $10 stock.
So is this an undiscovered gem?
Circular reasoning here. In order to get higher EV, the market cap needs to rise. That means the stock price has to rise. What's going to drive equity appreciation? There are too many constraints in AMKR's biz model plus an owner & board that by all accounts don't care. That's why the stock has languished for so many years.
Well, it's up 4% today so I am happy so far with my purchases of this dog.
Maybe a longshot, but I expect Q3 numbers to be overshadowed by much bigger news. Rumours flying that in a last-ditch effort to build revenue, AMKR will again tap the debt market and engineer a spectacular, highly leveraged acquisition of both Samsung and Apple.
Emphasis on the word dog. Check out the stock performance over the past 4 years. Not much to write home about while the rest of the market has been on a tear. Maybe you will get lucky with your timing but this has been a long-term dog with a Company and board that does not seem to always have shareholder's best interests in mind.
funny . . . maybe. But also very sad. AMKR has great technology and is critical to success of semi companies, but thanks to poor management and unwieldy debt load is unable to achieve operating margins & cash flow commensurate with its role in the industry. Quality investors have abandoned this company and no one cares.
If by chance we hit 5:00 in the earning runup this week , i will short 5000 shares back to 4:00 and change and cover after the disapointing numbers are once again announced.
If by chance we hit 5:00 in the earning runup this week , i will short 5000 shares back to 4:00 and change and cover after.......... The disapointing numbers are once again announced
good luck, we will then be at a new 52 week high and buy signal, good luck shorting, if we hit the $5.20's I say $7 by end of year
Sentiment: Strong Buy
the Bass Pro Shop near Chandler reports a big run on ammo. Could be that AMKR is getting ready to again shoot itself in the foot. BTW, Kelley made the brilliant observation at recent investor conference that to increase performance, AMKR needs to grow sales, which have been flat for 3 years. How will Kelley do that? Will he take a page out of Boruch's "fill the factories" playbook?
ok, i hope your right... but look at say a two year chart and the last time we bumped up to 5:00.. history repeats itself. right now i'm a measly 2k shares on the upside ready to sell and short... who knows... i stink at this anyhow.. my frineds say to do the opposite of me and you will be rick.. down 100k over the last 7 years.. lol
Sounds like a plan to me. Boruch best line at CCs was that when they are full you print money.
Sure. Utilization rates drive margins and cash flow. But that's a bit too obvious and historically AMKR not able to get there with existing footprint. Company needs to close some legacy factories and focus on high value biz.