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Diodes Incorporated Message Board

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  • t_togh t_togh Aug 8, 2012 6:49 PM Flag

    HUGE MISS

    Was it that big of a miss? I thought they wanted to grow the top line and improve margins...this is the first time that has happened in several quarters. Still, it is a big dropoff from the past so maybe you are right! I'll defer to others who know more about this company and sector.

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    • Depends who you get your predictions from. Quoted from Wall Street Cheat Sheet:

      "Actual vs. Wall St. Expectations: Diodes Incorporated reported adjusted net income of 19 cents per share. By that measure, the company beat the mean estimate of 18 cents per share. It beat the average revenue estimate of $144 million."

      The company is betting on net global recovery in the next 2 quarters. That isn't a sure thing, but if you drill really deep it appears to come down to whether Europe will contain the impact of Greece leaving the Euro. Still not a sure thing, but I like the bull side.

      If there's a recovery, Diodes' ongoing strategy of taking any profitable business it can accomodate and giving away low-margin business when the capacity is needed for high-margin business ought to pay off.

      • 1 Reply to jacosa
      • They do have a good strategy.

        It was interesting to read the different tone of the different press releases (some with a negative bent, some positive) and the transcript from the conference call. The analysts seem to like the direction of the company. Sure things are worse relative to a year or so ago but they do seem to have a good strategy and it is showing some dividends...although it remains to be seen if that pattern continues.

        The price action today was interesting...early dip then a decent recovery...

 
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