Every major tech company is trying to get into the living room
Market is growing year over year
0 Debt, strong balance sheet
Growing international exposure
MoCA 2.0 rollout
Expected return to normalized earnings once Trident is finally integrated
Possible buyout target
Just announced 30 million dollar buy back
Stock is undervalued at these prices
That said, I could name a few reasons why not to own the stock, but I think at these prices its severely under valued and just a return to profitability and growth (which the company forecasts) will generate returns over the next two years. At these prices the upside potential far supersedes the downside risk.
Well said Cleveland. I first heard about this stock 3 years ago when it was touted in several personal finance magazines both for its potential to connect the living room and as a turnaround play, it was trading in the 7’s when I first bought it. I admit that I know very little about the technology, however I do like the balance sheet. Obviously this has been a terrible investment for many of us but I am not too proud to take a loss here on the only speculative stock that I hold. In fact, I have used this opportunity to average down several times and will now hold through 2014 at least. I’ll continue to buy along the way and feel it will be worth the wait and aggravation. The strong financials protect us from the risk of dilution in the near term they “just” have to execute.