I found this little research note on IRF kind of
NEW YORK, Aug 22 (Reuters) - Banc of America
Securities on Tuesday said it raised its price target for
semiconductor maker International Rectifier Corp. (NYSE:IRF -
news) to $80 per share from $65 per share. Said the
change is because of "stronger than anticipated
summertime bookings," which will yield "higher near-term
results." International Rectifier shares were trading up
2-13/16 at 59-3/16 on the New York Stock Exchange, below
their 52-week high of 65-3/8.
If IRF is
experiencing "stronger than expected summertime bookings", I
can't help but wonder if anyone else is. Dah..., let me
think about that for a moment. Even with all the
capacity expansion at DIOD, I wouldn't be surprised if
they don't soon find their $9M expansion sold-out.
See DIOD messages 2151 & 2152 (crammed full of
facts; not easy to read but fairly accurate)
TRID messages 9899, 9902, 9903, 9904.
stubborn & I can't post the links directly this morning.
There is a wealth of recent messages re-TRID, which has
always had an excellent message board.
been looking at fuel cells for about a month now
(FCEL, SATC, BLDP, PLUG, ENER) but since they mostly use
natural gas I have been sticking with my n.g. drillers
and have recently started nibbling on "phase 3" oil &
R4R4, take a look at the message I am responding
to. I am still interested in TRID. Do you have any
answers to my questions? you can ignore the comments.
I've been busier than a porcupine in a nudist colony
as of late and have not had time to do DD on any new
prospects. I have a wheelbarrow of cash to put into stocks
I'd add more to KEM and DIOD right
now but it violates my diversification principals
(OK, I have already violated it for DIOD but I can't
do so any more- owning more shares of an equity than
some institutions makes me a bit nervous). Of course,
I am not in the same ball park as GO_Dio. I hope
GO_Dio doesn't chose to cash to buy a small country any
time soon, it could have a material impact on our
share price. I think he should hold out until he can
buy Monte Carlo on his DIO holdings ;-)
for your response.
Yes I have glanced at trid but not
Unfortunately they have no analyst
coverage and are pretty small. They certainly haven't had
41 consecutive profitable Q's like DIOD. They had
pretty negative cash flow the last 2 years. Being a
small company on the integration side there is a chance
they could get hit pretty hard by the component
crunch. The very same phenom that is helping DIOD and KEM
with higher margins could cause TRID problems with
lower margins and lack of availability.
being said, what is up with the P/E of 2.27. What
happened in Q3 with $4.94 in earnings followed by a $.14?
Was there a huge one time payout they received? It
looks like they have a flat run rate P/E of around 16
which isn't bad especially if the SONY deal really pans
out and they can deliver.
Hope the number is 60 cents but will take 54+
golf is great, am in carmel and played pebble beach
and spyglass. still own amkor and added kem which is
now in the money for me.
expect 45 out of
amkor, 30 out of diodes, and 40 out of kem by year end.
Been watching TRID? Bought 2 days ago; got wind
of the SONY deal before it was posted and figured,
since it was listed under SONY, TRID would finally get
some attention. Just a little visibility sometimes
does this; UMC is doing real well; my P/B=1
guesstimate value is about 12.5 now. Larger institutions may
be looking at its balance sheet and may finally
start to nibble. With this contract it's ALMOST as
undervalued as DIO, although long term DIO will break out
There was a buyer today (and a seller
I agree. I would expect the next rate
change we see from the Fed will be the first of a set of
easings in a year or two. This cycle of rate hikes is
done. The last 1/2% hike was the final hike. The
economy is cooling, the overall market will pull-back
causing reduced consumer spending as the "stock market
wealth effect" starts to subside. Energy prices will be
a rather major problem world-wide even if they do
not impact the domestic market as Greenspan is
postulating (I find it hard to believe the US is immune from
significant energy cost increases). It is still far too early
to see if this expansion cycle will settle into
recession or the ever evasive soft landing.
makes it a little more challenging and rewarding to
find good equity investments right now. I'm hoping
consumer electronics have now become more like necessary
utilities in our everyday lives which will allow the semi
suppliers continued growth even if a recession hits.
I think our analyst is ultra
conservative and you're just very conservative. I'm a little
more optimistic. Given DIOD's guidance we can expect a
significant step up in sales and earnings for Q3 given the
$6.5M capacity expansion that came on-line beginning
with Q3 and given that it's operating at
My conservative estimate (neither ultra nor very) as
set forth in message #2812 is based upon Rev. of $38M
(a $5.4M, 16.5% increase from Q2), a net margin
improvement to 15%, a 160K increase in shares, which yields
an EPS of $.60.
Further upside potential
comes from the favorable pricing environment that
exists and the way in which price increases feed the
bottom line and cause margins to explode.
It does my heart good to see you still
own DIOD, I know you don't post often but am thankful
when you do. Do you still like AMKR, haven't seen you
much over there either. BTW how's the golf game...am
playing this PM.
I think our analyst is being ultra
my take is the following
sales grow $4 over
q2 or 12%
1/3 gets to gross margin
increase in operating expenses
about 200k additional
yields 54 cents earnings vs 46 cents in q2. well above
the 47 cents shown.