You certainly do not understand seasonality for this business while shorting it . 5% annual growth is just confirmed and we know they are conservative. If you believe what you believe then keeping shorting.
Jay- amazing how our numbers guy, Caff, has been right on once again. This stock certainly has the potential to run. Again the closing of Elpida deal for MU is huge for IMOS going forward. Company now running on all cylinders. And the nice part is we will very shortly not have to depend on US investors to understand the situation. Taiwan will take care of the valuation of IMOS and IMOST for us.
Marnis, agreed. And guidance was very conservative. The mid point of 12% would add another $18M in revenues to Q2. To reach that number they only need to do $56M each of May and June after doing $53M in April. I believe they'll be above $60M in June and higher all the way through October.