if EPS and revenues arent growing at a good clip the stock simply doesnt deserve a higher multiple than it was getting when it was trading at $16. EPS for this year and next years was cut what kind of multiple do you think the stock deserves. its gonna take a couple Qs to see if samsung does come back and if Q3/Q4 sales and EPS pick up, if the GOOG rumors are true that would hurt next years EPS, thats why the stock is getting hammered. 2015 EPS of .60 at a 15x multiple with not a lot of revenue and EPS growth is a $9 stock, i am sorry but thats just the case. i am long the stock and its frustrating but they need to get thru this lousy Q coming up and start to execute in the 2nd half of the year, have the GOOG rumors be false and hopefully GOOG gets glass in a full rollout, then the stock could start to move back higher. this is a long term buy and hold if you have patience if you want to see big gains and a short term buy at these levels if your looking for 10-20% pop
Someone posted something on this message board a while back about the reason for Jay's dislike of HIMX. I don't recall the details but it had something to do with HIMX calling him out for untoward (illegal/unethical) analyst behavior.
Whomever knows the details, please post that again.
when himax was 16 a share they were expecting earnings of .80 cents for 2015..these earning were due almost entirely from g.g…now g.g. is at best a niche product and will contribute little to the himax bottom line.without g.g. himax could drop as low as 4 bucks a share.the price of the stock tells all.things go up for a reason and down for a reason…at 4 with dividend on the way himax will become a strong buy...
First, you never said how you value HIMX at $4............
Then, from your statement in your latest post, you write ""at 4 with dividend on the way himx will become a strong buy"
So, which is it? Are you are saying HIMX is worth $4 a share........or that at $4 HIMX is a strong buy supposedly meaning it has much upside........and thus worth much more than $4??????
You actually make no sense at all!!!!!!!!!
How many stocks do you know which drop dramatically.........all the way to where they become strong buys??? I think HIMX may be one due to short attacks, unfounded rumors, etc. but there are few like this.