Almost 200,000 share traded this early and no price progress - activity but no result so far.
Post earnings - no follow up move.
Option expiration tomorrow and Chippy is stuck between $22.50 and $25 strikes.
wow in April - I was thinking by the next earnings call in mid May we should get an update about the completion of Thailin. That would be awesome!
Review the revenue number the 2 analyst are expecting for Q! 2015
Amazing - its like perpetual revenue miss according to the street based on these two analyst putting out high expectation..
I thought they had 28.8 million shares. They bought back 637,800 which bring them down to 28.16 million shares. Add in 2.38 million in employee stock option comes to a grand total of 30.543 million for fully diluted / conversion purposes. Any verification / clarification is appreciated.
Creating shareholder value was used 3x and legal advice was used 2x.
Even if they announced a buyback today it would come w/ the standard 30 day wait period.
If they bought 1.6 million shares - it should go down from 28.8 to 27.2 million outstanding.
Even if SPIL was not counted as outstanding - the number should be closer to 28.2 million and not 29 million.
8150 SPIL AMKR ASX - all give me confidence.
Thailin fold in should be complete by June.
Aggressive buyback should help.
March monthly revenue should be up nicely.
Or the guidance is going to be BAD. Stock gets down to under $20 - then management can announce the collapse w/ a 20% premium. Stock is -8% for the year when 8150 / amkr / spil / asx up double digits.
Maybe priced in for MU but not for Chippy.
MCHP warns or Ebola or market or sector or INTC warns - full participation on the downside.
When market or sector or 8150 or OSAT stocks go up - Chippy sits on the bench.
All the downside and not much of the upside.
Please tell me why we are invested in a stock?
Please tell me under what scenario or market environment does this stock go up?
SPIL AMKR ASX & 8150 are all up double digit year-to-date.
Maybe tomorrow we go up 10%
So in few months Bermuda cash will be $100 million. They should announce a $25 million (minimum) when they report earnings after close today.
Since outside of Bermuda cash ($61 million ~ 10% of Chippy's value) its all priced in Taiwanese $.
US$ has been on a massive run since last summer - just around when Chippy peaked.
Just a thought.
Q4 revenue estimate (based on 2 analysts) shows up as high of $190.7M and low of $186M w/ the average coming to $188.35M. We know the revenue number is $185.9M (2months ago) - so the media will label it as a revenue "miss".
Q1 revenue estimate high of $183.2M and low of $182.7M w/ the average estimate of $182.95M. We have January and February combined revenue of $109.7M - so unless there is a miracle and the company reports March revenue of $73.3M - that is another revenue "miss" that will reported.