I wish I had sold all of it up there. I blew that one... I would have bought back in though. That being said. Yes I see it getting to 13 rather early in 15. By Full year earnings release, you can figure the dividend (~70% of earnings) but I doubt less than .29-.30 due to the continuation of increasing dividends.
More than likely the growth that they have been steering towards starts to creep in. It will be the WLO and camera's to start with. Wearables will launch. Just a matter of who's is first. It should handily beat market appreciation over the next 18 months. EOY 15 target for me is $16
The connection you are missing... This will be sold at a premium for Businesses due to the "special" 100 business apps. They also need durability. Expect those devices to have saphire screens.
I'll Bite, Why... I'm assuming the Smile means you have the answer. They are a customer of the Timing controller, Display driver and and power management product lines....
Everything tanked. No sector left untouched... Except that exceptional dividend play Foggy pointed out. BAC.. up 1.3% with that .04 annual dividend. LOL
Bought 1/2 of the GTAT shares I had planned to today. Hedged my add price. If the price goes up, I'm in for some of that and if it looks like it will hold will add the balance. If it goes down this week, I'll add there as well. Looking to increase my core position. This last drop was a gift. I have the same time frame as I have for this stock. Year end 2016.
GSAT just an initial position. I'm usually very averse to companies with high debt loads...
At least HIMX taught me a bit more about patience.... paying much more attention to a couple other stocks right now. Of course PXLW, then there are GTAT and GSAT. With option expirey this week, Friday will be interesting for all these stocks including HIMX given their collective past few weeks. .
But not for the 2 stocks we really want to go down right now.... Options week. we'll see what Friday brings...
Indiana, Here is where you went wrong in the 353K valuation:
"As of December 31, 2013, the aggregate value of the redeemable noncontrolling interest was $3,656 thousand. Net loss attributable to the redeemable noncontrolling interest is $125 thousand for the year ended December 31, 2013."
Key words- noncontrolling interest. The $3,656 is the amount being carried on the balance sheet as an offset (liability) to what HIMX owns.
That being said, the ~3.8M investment is more than likely off as well as it makes the assumption 100% of the amount being carried is attributable to Google.
Indiana, From the 20F, the investment was ~3.8M. The valuation of the deal was not based on what HIMX bought the company for, rather what it was worth at the time the deal was struck. This Values the subsidiary at ~55M last year.
Still peanuts to both companies and nothing that permanently ties them at the hip.
Actually does not matter if you are a trader, investor, long or short. If all types did not have the potential to make money, that style would be gone. That guy on SA was making a point that HIMX at 130 (based on X times Rev) like some companies still not makiong positive earnings is AS ludicrous as HIMX at 6 with expected growth and a Dividend. The 130 PT was tounge in cheek...
DO your homewqork on the company. If you like what you see out a couple years buy it and fugetaboudit. If not, It has been presenting a pretty good trading pattern. But they flip that around from time to time so it is tricky.
I8, Are you an investor, or a trader. Investors are quite calm here. Traders are not. This is not going to trade as it has in the past. HIMX needs to demonstrate growth. They have not yet. They will, patience is key here...
Too much in the pipeline to discount. But this is just a message board where someone posts don't buy until $4 then deletes that post and changes it to 5... LOL It is all fun and some take it too seriously.
Been there done that, Lots of gunpowder left. Let's start having some fun...
I know I am.
So glass is delayed until 2015... More business than personal use due to the ludicrous privacy issues (already present with smart phones). Let's say 10M units year one instead of 25-50M (yes I believe it will eventually go into distribution). Sale price $20 GP a low 25%:
That's a .29 per share "bump" to earnings. Put the multiple on that (you pick it). That's why I hold (with my rational to back it up).
LOL, this doesn't even take into account the bigger growth areas for HIMX.
We make our beds, we lie in them... At age 50, I have lots of time on my side. You are correct any news will propel this higher. Sitting on about 8K shares bought at the wrong time plus Multiples of that still green.
The DD I have done says we go much higher over the next few years. So why would I sell if I believe the Appreciation % will handily beat (errr.. trounce) the market? I'm happy to sit and look for a re-trace...
We all have our own trading "styles". Sadly some can't appreciate that and learn from it.
Well said. We can learn from most posts... Be it a tendency (bashing or pumping) or something we have not thought of. Actually, if you were sincere, I agree. Demb can be learned from. Funny though, from what he has posted. When I trade, I look for many of the same indicators or time frames.
I really do have to laugh that people are "parroting" his posts so he can't delete them. Man these people have WAY too much time on their hands. Who cares... We each have our own trading "style". Folks are too caught up with themselves to realize they can learn from each style.
Until HIMX can demonstrate a pattern of growth, it will be range bound. Your BAC example was a good one. This investment is simply on a monitor status for me. Made a lot so far here, will make more (IMO) through 2016.
It's summer... the market typically is lousy in the summer. It's all about how you are positioned going into the latter part of September through year end.