The earnings announcement was excellent - very strong. This will take TTM EPS to 38 cents/share - making current PE = 20 - this is now extremely low for this company. Looking at estimates/actuals they have crushed estimates 3 out of past 4 quarters and met in one. The street has had MXWL in the penalty box far too long - they've posted blowout results in both of the past two quarters as the stock price has been destroyed.
Will wait to see the conference call transcript posted on seekingalpha.
I believe forward guidance was extremely conservative, and that's good at this point.
No reason why the stock shouldn't move to $9 or $10 quickly. Longer term, should move back to mid-teens with ease.
Does anyone know what their forecast was in the CC at 20 minutes regarding sales rate recovery from their sales/shipping suspension ("due to strictly mechanical issues")? Did they say EoY2012? My puter skipped over that speech. Is there a recorded copy of the CC that I can DL somewhere?
From the looks of it, Sales are very good and they are keeping inventory at a sales pace, Manufacturing still keeping employees busy for the most part. Looking at what there selling, and no copies being made yet from china to throw into the mix, I'm thinking the future looks very bright.