if they had good news to offer this would have been in the press release - would expect management to drop a bomb on the call like Changyou some weeks ago. Something about increased investment and 2014 to be a year of transition etc.
no - the 50% increase in mobile revenue was forecasted by the company but I would suspect this actually to go DOWN big time next quarter as the game Million Arthur will be released only in Singapur and Malaysia.
there are a couple of bad news in the press release - gross margins came in significantly below the company's guidance, MMO DAUs are also down significantly as Rift obviously delivers underwhelming results.
but the most alarming sign is the absence of any forward looking guidance which the company usually has provided since being spun off from Shanda some years ago. Coupled with the sentence "I remain confident in our long term potential" I would expect some huge pain short term.
watch out for the conferencing call in about an hour.
this is just one remaining analyst estimate which probably hasn't been updated for many months. Remember also that the just reported quartely results were far shy of this remaining estimate.
That said financial results have already taken the backseat for some time anyway as the company faces signifcant unresolved debt issues (very much like Suntech). At this time it is very likely that the shares might become worthless or at least heavily diluted to compensate bondsholders so investing into LDK ADRs is mainly betting on an amicable AND shareholder friendly solution of the debt issues - which would be a pretty rare event.
Anyway management expected to get something within the next few weeks so stay tuned here.
you won't join me as I will take my profits shortly before close today and move on - this might be a good entry point for a longer term position but as trader I will be gone later today.
during former post earnings trading days the stock started lousy but recovered nicely each time due to Icahn buying. This time the shares experiencing intense selling pressure despite some analysts already calling the bottom on the shares.
momentum traders seem to abandon the ship slowly for now - it doesn't matter anyway as there is no chance to short the stock.
but for investors thinking of this as the holy grail of future 3D printing:
the company itself made clear that the new technology is a big chance for Camtek but the overall market potential is just $600-700 mln annually which Camtek clearly won't capture all of a sudden and clearly not all itself. Therefore management refrained from making any projections about future sales.
the GreenJet might give sales a boost starting in 2015 but with the stock up more than 150% from last thursday some success seems to be priced in already
so where's the point here - actually that's why the company was taken public so major shareholders could reap the rewards of their work and investments.
so a secondary offering shouldn't surprise anyone and in fact didn't surprise anyone when announced eight days ago.
the decrease in the share price is a natural function of a secondary offering as institutional shareholders can easily benefit from shorting the shares into the offering to drive down the share and therefore the offering price and then cover their positions with shares they subscribed to in the offering.
this will be corrected over time and I fully expect the stock to move back above $40 especially as they just announced pretty good interim results.
so actually I would load up into this pricing action
expecting amicable solution with bondholders during "the next few weeks", seeing increased demand from China, gross margins and revenues to be up meaningfully qoq, poly plant still down and won't restart until late in the first half 2014
poor results as expected but forecast calls for a 50% sequential revenue increase which should finally boost margins going forward. Will be on the conference call.
this should be down nicely tomorrow as the weak guidance is most likely due to a very slow start of Windows Azur. The huge rise of the stock within the past fe months was almost solely due to the new Microsoft relationship so if there are indeed problems with this new line of business this one should dive pretty deeply.
as earnings were anticipated to be much stronger than they actually came in - would revisit this in the low 3s
actually it was close to $2 below the hype - clearly the 3D-nonsense makes the stock appear pretty much overvalued but it clearly was undervalued before all this started. But who cares. Stampede.
from simple math -qoq revenue growth is slowing from 20% to 13% (by the company's projection) - also management admitted to several factors influencing Q4 negatively. Margins will also be challenged.
guidance is the problem here as it shows a clear slowdown in revenue growth, operating margins also came in weaker than last quarter and might be challenged further going into Q4.
given how well the stock has performed it might indeed be smart to take some money off the table here
a motion capturing company called Primesense which has absolutely nothing to do with Camtek except that they are also located in Israel
actually the stock is up because some people discovered that the company will soon bring a 3D-printing product to the market
absolute fantastic gain - thanks to the guy who had the $5 bid for some minutes