Shocking how cheap IMOS is - vs book, cash flow etc.
Shocking how its trading relative to top customers.
Shocking in light of improvement in memory market.
Shocking (and pathetic) that management doesn't do ANYTHING to help shareholders.
Shocking that a psycho she-male may possibly be making money on the short side. I know most of you have him on ignore and he appears insane (literally), but his call on AMCC has been pretty sick - up 20% in 2 weeks.
Anyone have a clue here? Where's Cowen? Ideas?
Jaret, still like NTE?
For folks who have been through thick and thin with this stock, I must say the management did well contrary to what has been said here. Here are my rational:
1. During the crisis, they lost two of their top customers and almost bankrupt. They said that they are going to diversify their customer base as well as their product portfolio. They did it. They have moved to higher margin mobile solutions and reduce their dependency on commodity DRAM business. Also, they have diversified their customer base.
2. They have also turned around the company and is now almost net positive from heavily in debt. This company is a cash generating machine now.
3. The have balanced between high growth and risks by being prudent on their capex investments. In fact, I said that they have learned their lessons from pre-crisis period where they borrowed heavily for capex investment for future growth. They understood now that future growth, no matter how certain is not certain. They would rather have cash in the bank as they do now.
4. As the business improved but the stock price did not correspond accordingly, we asked them to do a buyback, give a dividend, and do a dual listing.....and they did/doing it. I'm one of those with an opinion that they should not do anymore buyback as this always masks the inefficiency and do not solve the root issues e.g. Home Depot during Nardelle years.
5. We have also asked them to do a roadshow in the US and attract analysts coverage. They also did that as well as hire a PR person. Craig Hallum initiated favorable coverage. Since this is a microcap firm, I'm not sure we are going to attract more analyst coverage. After all, this is post-Lehman years and the analyst groups have been shrinking in many investment firms.
6. They have also provide accurate guidance. In fact, their guidance is always spot on. No sand-bagging or over-promise
Now, how many companies can we say do the above as 'advised' by their shareholders. I will challenge anybody to go over the last 5 years of earnings call transcripts and let me know what they said they will do but did not do it. You will be hard-pressed to find any.
You are a dumb fool. Management has done a terrible job attracting institutional shareholders. They also don't understand the basics of finance. They need to replace their board.
You should all buy AMCC, it will double next year. And Jaret is correct. I covered my NTE short a few weeks ago and went long. It should double although I always have a hard time to trust a Chinese. But Kahn brothers increased their holdings in 3q and they are strong mofos. Sell IMOS buy others and buy IMOS back at $6.
You will thank me in the morning. Also Sean, strapping on is very fun. I do so often.
Sentiment: Strong Sell
So,management has been very good at operating the business.The issue is creating shareholder value.On this score they have failed.The stock price does not reflect the value of this company.
Yeah this is ridiculous and frustrating. Everything about the business of IMOS is good, and yet here we are down a sizeable amount on heavy volume again when the price is already extremely low. It's a good reminder of how, in the short term, perception is everything. Management could really help us with that.
I still think we'll hear something out of Cowen before long. We'll see. If so, as Caffeine and Memory pointed out, the large short interest could really cause something dramatic to happen.
I think NTE will double again from here in 2013...I hope to see it $20+ after the next quarterly report since I think they'll make 75 cents or more in Q4 alone. Of course, IMOS should more than double in 2013 if there's any rationality to the market at all.
Sentiment: Strong Buy
As far as short's I believe a non-issue.Not option related as I am the only dumb #$%$ willing to buy call's on this company.Sad thet I believe in them more then they believe in themselves.The " short's " are those that bought at 10.10 and sold from 12 down to 10.30 ? I will lose a lot of money next week on Dec expiration but could forgive management If they STRAPPED ON A SET AND ANNOUNCED A BUYBACK.Nuff said.Cheers
Sentiment: Strong Buy