I was in this heavy around 7.50 pre~breakup of the company and enjoyed the ride up until the split. At that point I decided to exit not caring very much for the breakup itself nor the prices the individual pieces were trading for following all the adjustments that took place.
Proving that you can't time the market I then missed the run from 30ish to 35.00. That was ok though as I noted when I sold that I saw that range as possible but I was equally if not more concerned about the downside. In any event...downside we've had since the 35 level leading up to yesterdays prices in the low 23's. I did pick up a few shares around 28 and sold some calls on them...but yesterday marks my reentry where I'm again buying in ernest and where I consider this a very good value once again. I think the market cap of this company minus the cash is very compelling for both the name brand that this company carries as well as their two respective businesses...cable boxes/equipment and smartphones. I really like where they're going with this and particularly the Atrix in the way it's integrating mobile and home computing..tying it all together. The companies dominance with cable boxes will let that continue further and I think we're quickly heading to where one device pretty much fits all and ties this all in together. And no one is better suited right now to do that than Motorola.
In terms of price range.I think it's probably back to around 30 or so from here and I see these prices as the low perhaps with 35 again as the upper end of the range for now.
I can't see how MMI will compete in the tablet / smartphone arena. APPL is dominating the tablet and smartphone at this time and the forseeable future.
I really don't think this is a buy at all. MMI management has already stated set-top box revenue would be flat and due to heavy competition in the smartphone/tablet area...I just don't see MMI growing revenue in that area either. So where is the growth going to come from for MMI??
Its funny how people throw ALL devices into Mobile bucket and then figure out the market share per company. You should look at market share per device category and the growth (or decline) in each sector. If you look at the smart phones alone, which incidentally is where highest margins are, Motorola is doing pretty well.
i'd suggest you study their numbers a bit. Their smartphone shipments have almost doubled over the last year and going for another 70% increase year on year this year. Their overall market share including the non-smart phones have slightly declined. If you look into the product mix, they're almost at 50% in teh mix with smartphones and it will increase quarter after quarter as it's their focus. Also, teh tablets are 100% incremental.
Bottomline, the growth is coming from the Android based smartphones and tablets..
im in MSI right now still waiting for something better in MMI please check my old messages half of them are insane the almost other half isnt too bad (maybe) i know you didnt like MSI as investment but i think the stocks are still joined and a split game is still going on