Thanks for the clarification. What management said in CC that they have authorized to purchase shares upto 40M.. Not sure they will indeed have to do but if stock goes down, they will jump into buying.. But no specifics..
What is your opinion short term and long term on this stock?
I see it below 3 for almost entire 2014.. will it ever go higher? in terms of volume and price?
this means UTSI will have to buy 1.6M$ worth of stocks every month on an average for next 24 months.
On daily basis, this means roughly 25 to 30K shares!!
Once they start buying shares, price has to go up due to heavy demand of buying. Why heavy? as average volume is so low that it might mean they will end up buying entirely daily volume themselves!
Sentiment: Strong Buy
Nice.. so, that second BOD is M&A specialist? I checked her profile on the net and could not see that categorically being the case.. May be I missed something.. Based on your analysis, what is the probability that INTC could indeed go for acquisition? May be if not INTC then other chip company who is not QCOM but may get an entry into it?
Got it.. Thanks.. Need some expert to analyze it and see if it makes any sense..
As per the doc, Marvell is expected to respond in November..
One mistake Or an error is not the end of the world is what I would like to say.. Yes, if it is not corrected, it is definitely bad. that's why I think it is a good buy right now as it is discounted from its own high.
Correct valuation is always debatable if you ask me as company is either growing otherwise it will be up for sale..
You are right.. Instead of crashing more today after the "Research" from Zacks, it is in green.. so, truly some of these analysts have definitely sold their souls for greed.
It is tough to find good ones and good ones after a while also loose their credibility.
They acknowledged the inefficiency and provided assurances to not repeat.
What if they do repeat is the concern. I think they might not as they got a learning lesson.
I agree. Sometimes, companies make mistakes in business calculation and if they accept it and correct it, it should be fine.. Netflix we brought from 300 to 50 in no time and after ack the mistake it is back to almost 400..
Just my 2 cents
Agree. All we need is a bit more clarification on inventory write off. And that;'s all.
another clarification we need is manufacturing inefficiencies. What are they and when will they be corrected?
thanks for the reply.. But it seems strange that for some companies, which are making big losses, gets market support if they increase revenue. but not this one..
As they are sort of omnipresent in many devices for Gyro, what is their final goal? sell accessories like printer business and make money on cartridges?
This Quarter was bad (or that bad?).
But what is the future?
If they continue to generate of 100M minimum per quarter and 35% gross margin then it could become 400M annual revenue and 120M$ + gross margin and with 0.20* 4 = 0.8 EPS, what could be its price at that time? may b in 2016?
Management Qualitative Comments
"This is an exciting time for our company," said Behrooz Abdi, president and CEO. "Q2 was a record revenue quarter, with the North America region leading our growth. During the quarter, we successfully ramped several key design wins, leveraging our strategic inventory of second-generation 6-axis products in order to meet demand for both our second and third generation devices. With strong market share gain in mobile, our team has executed on the first step in our growth strategy, while our investment in content increase has delivered a full portfolio of differentiated products that we believe will provide meaningful growth opportunity for years to come. As we move beyond the second quarter's inventory adjustment, we believe that our solid business model will allow us to drive improved earnings leverage and shareholder return in the coming quarters."
Second Quarter Fiscal Year 2015 Earnings Conference Call