Hey baaadapple ... are you still in GNW and ECPG? GNW has done very well and ECPG looks to be on the way back up.
Thanks for the info. Sorry!!! I agree with you about the business and investment side but I was wondering why you would like to live there. I have heard that it is nice. Maybe if I invest long enough in BLX I will retire down there. Thanks again.
Not me but it looks interesting. I do own RBCN which has been one of my duds. They make sapphire crystals for the LED, silicone on sapphire, and optical window markets. The price of the wafers has dropped very significantly and only recently has the pricing started to improve. I would not know if this has also affected GTAT business also.
I really liked the HIMX CC. I sold some at $7 and bought some back in the lower 6s. I am hoping to buy a lot more if the price dips again. The existing businesses seem to be doing well even before Google glass will start to impact results.
Both look like reasonable opportunities to me. I know nothing about the business or industry. Are you expecting these companies to profit from the fracking boom???
My only comments are as follows:
- debt to equity is higher than the average company but it seems that this is a capital intensive industry and it is not out of line for the industry.
- for some reason the forward earnings estimates for PES were reduced.
- the capital expenditures for these companies are always high in comparison to depreciation and net income. I am not sure what the adjustments to net income lines are all about. Resulting cash flow doesn't seem exciting but then again cash flow would be tight if they were growing.
Was the insider buying what drew you to them???
Nice run up into earnings. I am taking some profits today. I don't know what to expect with earnings but Google glass is still a ways off.
Not a very strong Q but the outlook for the rest of the year sounds reasonable. This will be the usually cash accumulation phase of a few quarters before looking to an acquisition or yet another special dividend.
However, There are many companies that always guide below consensus even though they are growing strongly. Unfortunately, I have not followed this company long enough to get a feel for how conservative and accurate management is with guidance.
You are correct in the fact that what counts in the end are expectations and what is already built into the share price. Thanks for your thoughts and observations!
Hey, I had fewer shares than I would have liked so the premarket dip was a nice gift. Don't ruin it for me. The shares will go higher later if not sooner.
The original poster did not mention anything about consensus. Rather, the company gave guidance for 2013 for the first time with this first quarter report and yes it is for higher sales and earnings YOY. Below is the guidance given with the 2012 Q4 report. As you can see it was lower than consensus yet they blew it away. Some companies are conservative with guidance and those numbers can't be compared to whatever analysts come up with.
"We are excited about our market-leading portfolio and new product launches for 2013, including a new learn-to-read system, new iPhone and iPad app activity products and new LeapPad tablets," stated Mr. Arthur. "As a result, despite a global economy that remains sluggish and a U.S. toy industry that declined in 2012,2 we plan to continue to grow our business at a pace significantly ahead of the market and expect net sales to increase at a high single-digit percentage growth rate. Like 2012, we will be prepared to chase upside whenever possible.
"To support our market-leading growth and our ongoing business transformation, we plan to make long-term investments in content, international expansion, online communities, systems and new platforms. Even with this investment for the future, we expect our operating margin as a percentage of net sales to remain consistent with 2012.
"Additional guidance will be provided at a later date when we have more clarity regarding our book tax accounting position. The ultimate outcome of our book tax accounting position will have no impact on cash taxes paid. We do not expect to pay any significant amount of U.S. federal taxes in the next several years."3
First quarter 2013 guidance is as follows:
Net sales to increase by about 10% compared to the first quarter of 2012.
Net loss per share to be in the range of $0.07 to $0.09, which includes a tax benefit at a 37.5% effective tax rate, compared to a net loss per share of $0.14 in the first quarter of 2012. First quarter 2012 res
The answer is simple. THE MARKET IS NOT EFFICIENT. Sometime it may be but not always. it is just a theoretical concept. That and technical analysis work until they don't. Do your own DD or get out.
Unfortunately, I think we deserved it. I am holding and think it has a reasonable outlook especially at this price. They really dropped the ball by losing some Soffe business to private label. Management makes plenty of good moves but they are not perfect.
I am glad to see you are still in KTCC. I usually like your picks (except for WPCS). By the lack of posters on the board, I assumed most folks sold and went elsewhere.
Anyone take advantage of yesterday's price dip in HIMX??? I have been selling on the way up and took this opportunity to buy some back at 5.06. Word came out that Google glass will not likely be available this year but rather in 2014. Doesn't sound like a big deal to me in the long run.