you must be joking - the shipment guidance for Q2 fell far short of even the most pessimistic expectations. The new strategy of focussing on higher margin business might propel gross margins in the short term but will ultimately result in heavy market share losses and further reduced pricing power going forward. Given these issues the company remains uninvestable for the foreseeable future. Cash flows also a cause of concern once again.
pretty easy to jump back into selling to the low margin customers if they need to get shipments up. I think the focus should be on margins now, a combination of higher selling prices and cost reduction. Once costs are reduced they can go after lower priced customers if they need to.
I agree. If you liked the story before, then the latest quarter shows achievement and the future seems more promising. So, compelling reasons to hold or buy, not much reason to sell. I expect a strong rebound over the next week to ten days, assuming the market is okay (as is) or better.
Good luck to us.