""as you said" that they are fundamentally sound."
Hardly, where in the world did my words lead you to come to that conclusion?
Cash on hand is but one of many measures.
You go ahead and buy or hold or do whatever your heart desires. I'm not here to tell you what to do, I'm here only to offer my opinion and back it up with why I'm not a buyer. Nothing more.
Very good point and something I wasn't focussed on. Now find me a market the size of cell phones it could be applied to.
Unfortunately, that is the only way to fundamentally justify todays price.
Thanks again for a very reasonable response.
Your point identifying what AMBA "can do" and is supplying to other customers is well received. Nonetheless, it is very risky to believe that they will land a contract or several contracts that would exceed the income GoPro delivers, and the risk that something negativecould develop with this relationship, would be foolish to ignore.
How many contracts would it take to replace GoPro? This question itself speaks volumes identifying my concerns. In five years, how many people are going to buy GoPro cameras and video equipped drones?
This is what I mean as trendy or faddish markets that AMBA is dependent upon. I've done a lot of research on this company and I'm well aware of those company's they supply that don't fit into this category, but they did not have the growth they enjoy today absent GoPro and the publics" fascination with drones.
These are faddish markets that plateau early and growth is accomplished only by those companies that can supply at a discount. Amba seriously needs to branch into the high tech trends today that are currently in a mega cycle. The internt of things is where it's at, and even the mature company Apple has recognized this.
What AMBA has done in the past and what Amba can do in the same markets tomorrow isn't enough to get my attention. It is what new innovations in multiple markets they produced that would impress me ... if they did it as well and efficiently as they do in their current markets. Do you see my concern?
I am a fundamentalist first and speculator second. Never do I speculate unless the fundamentals support it. Your pointing out their cash position is where I agree they are fundamentally sound. That;s also true with past earnings. Beyond that, this company is way out of whack by every measure going forward.
At $50 a share ... maybe.
At todays' price ... no way.
You civility in opposing my opinion is greatly appreciated.
I don't much care how great their current product is today, it's the limited market and lack of diversity that concerns me most. Video will only take them so far, and the competition will certainly introduce new products that will indeed perform as well or better.
With all due respect, how clear can video get before a superior quality is indiscernible to the human eye? I think we are already there and that the only obstacles left keeping the competition at bay are ... price, durability, and dependability.
The later two are already here with the competition, and building your moat based on price is not a formula for growth.
If I'm missing something in connecting all the dots ... convince me.
Your civility in opposing my opinion is appreciated. I'd strongly advise you not to buy at the level you mention, unless it is done as a quick trade for a very short term and risky minimal gain.
A better choice in the 80's would be SYNA. That would be a no brainer absent all risk.
I started focussing on this stock back several months ago and no sooner had I put it on my radar, it started moving up rapidly. It was in the 50's when I started researching and had moved to the high 60's very rapidly. By the time I completed evaluating the fundamentals of this company ... it was at $70.
I didn't buy simply because the fundamentals didn't support the price. That doesn't mean I haven't kicked myself a few times since ... considering what happened to the share price. Nonetheless, my own evaluation had me a buyer at $55 and the stock had progressed far beyond that target in a matter of days.
I have no idea if it will return to that price or if it reverses and regains it's momentum, but I'd not wager on the later. I have to note that Citron hit upon one of my concerns, in that the bulk of income earned by this company is as a supplier to trendy products such as those produced by GoPro.
I could be wrong, but I just don't see anything in this company's product line that puts them light years ahead of the competition. They build a quality product very efficiently ... but so do a few of their competitors. GoPro drove the price of this stock, and GoPro could kill that growth any number of ways.
I wouldn't bet on GoPro either, as it's own valuation is currently way beyond reason.
Because it's CNBC?
If your post is any indication of your knowledge in precious metals ... you' d wise to shut up and listen for once
Yeah, I have thought about that for at least a minute, until I realized that in the real world the AAPL PE is more likely to go to 26. --- Imagine that.
Yeah, but I'm kinda holding out for the inverted double hump back Camel formation with the spike directly between the spread of the rear legs image. Until then, I'll just be satisfied with humping my cute petite hispanic young Calina !
Bought AAPL at 89 shortly after the split. Been reading your stupid posts ever since and wondering why the hell you'd admit to such loser foolishness. My boast is that I bought 200 million shares. Top that ... loser!
Can't say I disagree with anything you wrote. I don't know if there is any merit to the article or not. What I do know, is that the number one rule for buy and hold investors is .... uncertainty is your enemy.
I sold out yesterday and fortunate for me, this was a position of 4500 free shares I'd accumulated through trading over the past eight months. I know some of you would question my panic over such a small position.
All I can say is .... $5500.00 is still a lot of beer and it's miller time.
You sure hit that nail on the head. I bought in at 78 and change and have no intent of selling now or anytime soon. Over time these dips and selloffs got me concerned, yet my research to find a cause found nothing but market noise. The fundamentals on this company are excellent and as you've pointed out, QRVO is far more diversified than being a chip maker.
I called my son after one such dip a couple weeks ago and advised him to buy this stock. He got in at 70 and I'm sure I'll get a thank you call today.
Well, that certainly is twisted. You're free to kill your own child anytime your selfish twisted narcissistic mind wishes under todays' law. We conservatives do not view the issue as a rights for women issue, but rather as an abused woman lacking rights ... we view them as victims of narcissists like you. You romance them, you promise to be there if something goes wrong, and you dump them when it does.
I have no doubt whatsoever as to why you support the expungement of a living entity to protect the economic vision you portend for yourself, not to mention the absence of emotional feelings a defect like you, lacks.
Then you go on and rant over some mis guided belif that women are paid less than men for the same job. Holly stinkiest ... is that cool aid that tasty? Why is it that idiots like you never use an ounce of common sense in questioning such qibberish? Have you even taken the time to fact check this easily researched issue" Of corse not ... you simply parrot all you are told by your puppet masters.
If women will do the same job as men foe less money... the men would disappear from GM, Ford, Apple, MasterCard, Visa, Target, Wal-Mart McDonalds, Wendy's, Burger King, and as many other large corporations you might wish to insert.
If your intent with that parrating is directed at the highest earners in corporate America, my question to you would be ... why is a puppet of the self labeled party of the middle class pumpimg for the 1% er's?
You know ... like that middle class Hillary your stupid party thinks they can pass off on to this Nation with that lie. Ha ha ha ... you are so morally corrupt that I seriously doubt you even understand my sarcasm.
You are a typical Democrat narcissistic puppet ... nothing more.
Relax Bob, this stock is going to float all over the map until it establishes a steady profit. That is a few years away and you should be using these swings to buy on dips and sell on peaks to build an ever increasing core position at zero cost. I have 4000 shares now that are cost free and I'll bump it again anytime ekso drops below 1.40.
You should probably forget that vintage Rolex too. You can't even afford one share of Apple much less an iWatch. Why do you pretend to own a Rolex? ... lol.
... ya loser!