khajso, in regard to the MM comments. I expect no movement in HIMX SP before next week. We are capped slightly lower than 7.50 through Friday afternoon. I would love to be wrong here...
Anyone else laugh when they looked at the headlines to the right?
Goldman sees 11% upside to the S&P 500
S&P 500 could go to 1600: Merrill Strategist...
Gun, that was my concern as well... TIME.
Current capacity is ~2m units per year. The PR definitely made it sound like more would be needed shortly (6-9 months). Fits in with Wu's comments regarding timing of the construction. We should be hearing that ground has been broken at least in this CC.
I believe the company references the NY 321 so that is what I check... Thanks for pointing out the 221.
Hoping the div reinforcement theory is correct. makes sense. Will add support to the stock price year round if they continue it. Still waiting a bit to buy back in...
You are 100% correct.... Except the $10 calls are a dime. There isn't a 2.5 strike I could find. The $2 calls last price was $1.29 and the $3 calls were $.85
I believe they are financing the expansion internally through their Bermuda corporation. Currently $0 debt on the books. The debt they do have ($180M) is a revolver for which they maintain a $ for $ reserved cash amount.
At 9-30 they had $286M in cash (decrease from June of $55M) of which $180M was restricted and offset the short term debt dollar for dollar.
And yes as you followed up with... The 12M has been there since year end 2012 at least.
Gun, important point on the company buying back shares. ~12M left of the share buyback funds. Would send a better message if they used it.
Should have added.... After ~1.5 years of this game, the comments were more out of frustration than anything else... Sal said it best. HIMX is known for their 6-8 swings rather than the tech they bring to the table.