totally relevant! Cash continues to disappear via buybacks and new options. Unless we get a final quick buyout company in 3 years or less will be down big time on cash.
PE 15.11 Price/Sales 1.11 A year ago 17.69. What it lacks is growth. But the image sensor market is growing and OVTI business is volatile. Thus if a magic wand strikes, its business grows again like last January, what price do you think ovti will be? All the attacks on CEO stealing from shareholders are not truly relevant to ovti price.
posted by same ip address. ... there has to be a better use of your time. all of your handles are now blocked by me...recommend the same to the other 4 people who use this forum
The chart is starting out bad for the shorts today: we've got a nice move back above the 50 and 20 day moving averages as well as the RSI climbing back above 50. If it holds throughout the day and close, some shorts will be throwing in the towel.
At this point in Omnivision's existence, there are many more potential upside catalysts than downside catalysts over the next year: rapidly growing markets outside of mobile phone like automobile, security, robots, drones and medical technology, potential to re-take Apple slots, a dominant position in the Chinese mobile industry which is seeing a temporary inventory correction that will soon go away, the potential to easily blow out earnings going forward by selling some of the now unlocked WLCSP shares and finally, the interest from a major Chinese company in acquiring them.
Yep, and why institutional holders don't raise Cain is beyond me. I'd bail, but would at this time have to pay ordinary income tax rete on my gains. Once the capital gains rate kicks in, I'm outta here.
bajrang, if you don't like them start a competing firm and drive them out of business....should be easy for you, you know so much about running a company.
bajrang, ive neve seen more childish posts than yours, you write like a #$%$ and spoiled kid whose parents took his ipad away. if you look around these forums you'll notice nearly no one actually reads them and certainly no one is taking yours seriously.
What other company do you know that has had an offer for a buyout that's been on the table for over six months with an amount way above the current share price and the CEO completely dismisses the topic and doesn't address it to the shareholders? This CEO loves to give the finger to shareholders and grant himself more options. Cha-Ching. Minting new shares for the management team.
ho-hum bullschtte. Now do I sit here for another 3 months until they report again? I wish an American company would take them over. But I've said that before. Looks like I'm going to have to pull the plug on this POS, soon as the capital gains rate kicks in. Aholes.
I have been in and out of this for a decade. Always long. Made and lost various times and amounts. This company is like addictive drugs. Looks and feels so full of potential, never can quite sustain any positive event and always leaves you with a hangover. The only money here that is reliable is made by management. Good for swing trades 50% of the time. Sorry. No matter how you try to dress up the quarterly comparisons, sequentially or annually, every result is negative.
OVTI doubled last year. I feel that it might repeat. Look at SWKS. It is in the mobile business. Its market value is 16.74 billion with 3.18 billion sales. If SWKS can why can't OVTI?
Lots of opinion and bloviation on this board. Lets try some facts. In CC mgt said inventories too high and working to cut them down. Numbers--Jan 14 inventory 342 sales 352 I/S=.87, Apr 271--331--i/s= .82 July 288-407--is .71---but then Sept 340--394--i/s=.86 and Jan 15 366-292 and i/s=1.25 This should be very concerning and points to potential inventory writedowns and losses. There are other ways to do this calcultaion but it should be a question which I don't think any of the "analysts" on the call asked.
In the one year ago Jan. '14 qtr, OVTI realized an extra $0.28 eps related to WLCSP transactions, nearly doubling earnings expectations. OVTI's remaining shares in WLCSP IPO were locked up until this February. At today's WLCSP prices, OVTI has another whopping $4.08 in unrealized earnings per share from a potential sales of WLCSP stock according to my calculations. I think there is a strong possibility that OVTI will book some gains on a small portion of WLCSP this quarter after yesterday's call, and they will massively beat the earnings guide on next quarter's report. I wouldn't want to be short this company with the massive unrealized gain on WLCSP sitting out there. JMO.
I added to my position some yesterday before the earnings announcement. I think patience with this stock will eventually be rewarded with another strong leg up.
OVTI is NOT higher because why pay 37 bucks and you sell for 29 bucks???? Keep your mouth SHUT or say NO DEAL company worth much more then 29 bucks 40 and might think about it. O and the balance sheet down 2 mill bucks WHY again R&D OK maybe???? O and I like all the new cameras and new deal THANKS and wearable can't say who well AAPL I THINK