Remains unloved so far. NYMT and NRZ show ~ same quarterly report progress (NRZ was due to acquisition, I expect the qrtrly to be good) and find support or an increase in share Price.
To me good add or entry here. Drip away.
You sure about that.....
jebediah456 • Feb 18, 2015 2:23 PM Flag3 users liked this posts users disliked this posts 1 Reply Its lows have increased from the mid 4's to just under 7 over the last 18 months or so. Its highs are running no more than 9.5 lately. At present it is tightening its range in the high 7's to low 8's and so is forming a converging triangle or pennant within a mid-term ascending triangle. It will..."
No problem, easy enough to get the correct #'s out there. BTW, I do agree with the majority of what you say regarding the trading ranges and Buy in points. You seem to have decent "trading" knowledge but are too "loose" with your #'s.
Neo, those are GAAP earnings. REITS pay 90% of taxable income..... There can be substantial differences. NYMT is one of the few stocks I have on Cruise control. Monitor but loosely.
Nice summary. Everyone has their own investment strategy. No one on these boards can accept any one else' "style". I traded the heck out of this from beg 2013 to March 2014. Lost big on my final trades. Did not matter. Still up well here. Now I'm comfortable with the core (no trading shares currently) waiting until 2016.
Some will agree with that strategy, others will be resoundedly against it and talk smack... So what....
There is an agenda for sure. Facts do not seem to matter. For the year 2014 cash flow statement POSITIVE $58.146M. It is all right in the Q4 financials on the Himax website.
That and the initial calls for "recent lows" of 4's are questionable at best and the Heavily in debt drivel. Too easy to verify the real #'s rather than throw some out there.
Oh well to each their own. I'd rather post the real #'s which are no problem. Even if it is to dispel made up #'s.
HIMX is debt free (restricted cash offsets short term) and has cash flow to remain that way even with $44mM in cap-x planned in 2015
As low as it is right now, downside is limited imo. Just don't buy expecting instant gratification... Low institutional ownership, (at this point) leaves the stock open to the yo yo trading we are seeing.
Correct. And the A/R more than offsets the A/p... So they have plenty of dry powder. They will need it for the 44M in cap-ex this year (to me the largest tell in the last CC)
Jeb....Regarding the debt... Straight from the press release (and reported the same way they do every year)
"The Company had $187.8 million in cash, cash equivalents and marketable securities at the end of December 2014, compared to $128.1 million at the same time last year and $147.7 million a quarter ago. This is a historical high in its cash position since the second quarter of 2009. On top of the above cash position, restricted cash was $130.2 million at the end of the quarter. The restricted cash is mainly used to guarantee the company's short term loan for the same amount. Himax continues to maintain a strong balance sheet with no debt."
The $187M you cite is the cash over and above the restricted cash they maintain to cover the short term borrowings ((btw it is short term debt, no long term debt)). When the balance sheet is published you will see ~317M total cash and cash eq. Just like last year when they reported a total of ~235M cash and cash eq netted against last years 105.5M short term debt. Hence the ~128M number for 2013.
Yes they do have debt. It is more than covered by the restricted cash they maintain. Hence their claim of "No Debt".
Other than that, Yes, the short term catalysts are absent. This will continue to be a yoyo for the next few months. Actually until their guidance (only 1 qtr at a time) demonstrates the growth they have alluded to.
A personal thanks on this one Steven (and the other). I much appreciate the continued flow of information from Maglan. Well beyond what could or should be expected from a professional outfit to users of a message board.
I would agree with the add per share. Puts the new floor around 7.25 (as was shown last week)...
When #'s are thrown around, they need to be accurate. This has not closed in the 4's since June 2013.. 4's are far from a relevant # at this point. high 5's (no pun intended...) would be the more appropriate.
Currently this looks to be setting up eerily similarly to summer of 2013... Given the shift in timeline for any significant earning ramp (I don't expect much until Q3), I am comfortable with that from my perspective.
This does not work if your account is any form of Margin. And at least at Fidelity, you can set a pre-tax account to "limited Margin". Gives you the ability to trade without having to wait for the funds to settle and prevents you from getting one of those "little notices" that say you have broken a rule...