It appears that managemnet is learning how to play the game. Today's press release was very well worded. It addressed point by point all the "rumors" created. Management knew this and were waiting for the right time to release it.
Remember, this is a company who only released PR's for qtr end cc anouncement and earnings release, and conferences and road show events. This is the first "product oriented" release they have done. And you have to discount the Google PR's due to the fact they were customer specific, not new product release.
You should at least make an attempt to understand the line of business prior to making uninformed (poor) statements.
Because they do not produce the screen. They produce the sapphire boule. These are sent to other Apple vendors to cut and polish.
GTAT has been producing since early this year as is seen from the "deferred revenue" on their books...
Quick, Long is relative as Sam said. Each has their own definition. I just added 40% to my share position on this dip. Short term 6-12 months is simply noise. Year end 2016...
Now shut up and pass the popcorn. The show is starting...
Let's not get too far ahead of ourselves.... PXLW has not even turned a profit yet. Nor has any kind of major relationship with a big name customer been confirmed. If you play "connect the dots" there appears to be a picture forming. This is running up in anticipation of the Apple WWDC and some form of news connecting PXLW to the new apple phones or ipads for increased video resolution.
On the positive side twice this month management has insinuated large revenue/product shipment growth coming in the near term.
I believe good things are happening, but need to stay grounded....
If you are an investor in the stock, it does not matter. This is a 24+ month play. Try to time it you will not participate.
You have to chuckle at all the new names posting the same rhetoric about the "display" not being GTAT. If they followed the company, they would:
1.) Know the difference between a display and a cover.
2.) Know the Mesa facility is under full production
3.) Apple is the only customer of the Meas facility.
Google does not have a position in HIMX... They have an investment in a subsidiary of HIMX- Display. Initial investment was ~3.8m. Much less than people think.
If they do or do not exercise their option, it will create a kneejerk reaction with the share price in either direction.
Funny thing is, from a growth aspect, their investment does not affect the growth opportunities HIMX has been projecting. Non-drivers are the key (yes LCOS is one but not the largest)
Key will be growth guidance for Q3 that is YOY considered substantial. That growth will not come from LCoS in 2014, but will provide an earnings base for 2015 and beyond.
How many times are you going to post this. The sheer quantity of your posts tells a lot.
Also the fact you do not know the difference between a screen display and a cover....
Give it a rest.
Actually, I would prefer some strength in the share price rather than A few extra shares....
LOL.... if you look at today's chart, that article did actually spur a bit of an uptick... Article released at 2pm, HIMX reversed a small downtrend and marched up... One of the better more factually based articles I've seen in a long time.
Xtrade, In all seriousness, A good number of these people have owned during the 7's (or higher) and DOWN then back up (averaging the whole way). Or at least traded during that time. Anyone that told you why a movement happened on any day would be lying except if there was substantial news.
The stock trades in a world of dots currently. Lots of speculation on how the dots are connected. This board has done a pretty good job connecting them. These dots are much more than speculative. There are actions occurring to back up the connections.
Currently it is trading in limbo. No real conviction one way or another. This is not a trading stock. You either do your DD and buy it for a reasonable time frame and ignore the peaks and valley's, or you don't. Absolutely news could send it either way fast. Over the 2-3 year time frame, dips at this level should not matter.
LOL, a year ago anyone thinking there would have been a straight sapphire play on the market would have been laughed out of the room. Except the people who have owned this for a few years and saw where TG was going with his acquisitions. Hell, a lot of those same people were concerned that GTAT appeared to be going down a mfg path. GTAT is an equipment mfgr!!! He'll ruin the company, no one will buy their equipment if he is a competitor.
This is much more than a straight sapphire play...
No Rhyme or reason when trading this... Perfect example of a buy and hold (2-3 yr) stock.
Tonights closing price will be adjusted downward by the amount of the dividend. Theoretically the new opening price the next day (depending on how the bids go)
Expect another interesting day tomorrow. too many Yahoos have no clue how dividends work. They will see the price drop by ~the div price in the AM and panic. Shrewd investors will be waiting to pounce if they take out stops in the AM.
So were the answers.
Ask yourself why would Apple GIVE GTAT a plant to produce sapphire in if they were going to buy it from somewhere else.
Then look at your question again.
If nothing else, Jay heard loud and clear what the investment world think of his analysis today.
Jay, you have been measured and found lacking....
Let's see... April 2013 you were posting the stock should go to $13...
You must be one of those rare individuals that is simply looking out for the rest of us poor misinformed investors. You obviously have no position here. Conversely, when you post it does seem to be good for the share price.
More than a years worth of posting and you post the same thing over and over...