I will only speak for myself, but I think these numbers are another in a long line of disappointments. For over a year now, management has spoken of growth opportunities and strong business, but as of yet, that has not shown up in the revenue numbers. To be down 4% from the quarter a year ago is a disgrace. And nobody in the industry is talking about anything but a slowdown in the current q4. I remain hopeful that things will improve, but so far the execution is lacking. Management has been successful in generating significant profits and cash flows from the current revenue levels, but they have been unable as of late to improve revenues, and that is disappointing. Having said all that, I still believe the stock is undervalued based on p/e and other metrics. I just hope they execute the buyback quickly and aggressively to take advantage of this weakness.
Thanks, Caff and Marnis. Glad to hear everyone is just in lurk mode until further developments. I sold off quite a bit of Himax last Friday on the run to the high 10's, but will re-establish that position next week. Stll very heavy on Micron options.
Clearly this company is a candidate for a buyout by RFMD, TQNT and others. They have best-in-class technology across the board and are taking design wins every day. Today's release alone shows Samsung buying 3 different products for one phone model. And now is the time for these competitors to pounce with ANAD trading at such a distressed price. Heck, Samsung would be well advised to buy them as they are using ANAD in nearly every phone and tablet they have. Buyout or no buyout, this stock doubles to at least $4 by May, if not significantly higher.
Thanks for the clarification, Marnis. When you mentioned buying double-digit shares I was afraid you had graduated from the Silly School of Investing and dug deep for 15 more shares. Just keep repeating -"a buy at 8, a hold at 12, a sell at 16....."
I too purchased some March calls on the dip to the 15's. Good luck to all on Monday. After so many previous ball-drops, I truly hope management steps up and provides detail on the Thailin shares and their own stock buyback. I also want to hear that the application to the big board will occur this month so the 6-month clock can start ticking.
P.S. As for earnings and guidance, I'll go with .47 in earnings and down 2-4% for q4 guidance.
Tabby, I am here to make sure there is balance. This board is infested with pom-pom waving pipe-dreamers who have fallen in love with a stock that has no right to be loved. They post menaingless Amazon rankings (proof: see last xmas season), and pie-in-the sky revenue projections which have no basis in fact.
I post here to protect the newbies in this shark-infested pool, from the pumpers who make excuse after excuse for an absolutely dismally-run company. I tried shorting a stock once in my life, about ten years ago, Best Buy, and got my #$%$ handed to me. Never again.
It cannot be denied- two new game consoles in one month that were known about for six months should have been an absolute home run for any company in the peripheral industry. Instead this company absolutely BLEW the opportunity by focusing instead on two very marginal initiatives. The pumpers on this board refuse to call out management for this abysmal failure. So I will.
The failure of management to publicly and officially refute these allegations is unbelievable. They have never been a shareholder-friendly outfit, but this is shameful.
Caff, I am quite familiar with Madcatz. While MOJO may indeed be the real deal, this company has suffered major execution problems in the past and has almost zero presence on the shelves of key U.S. retailers. They are primarily a headphone/gaming peripheral outfit, and Turtle Beach kicks their behind in headphones. The big MCZ holiday item last year was the Warhead headphone, and it failed miserably due to no shelf space. The company does most of their business overseas. MOJO sounds promising, but in a very competitive field. It is an android based mini-console coming out at the same time as the new XBox and PS4. The company still has not announced a definitive date it will ship to retail, and the bigger question is where they will ship it to. Again, Best Buy, Walmart and Target give it virtually no shelf space. The stock has probably already run far too much until they prove they can actually execute this new product launch.
We seem to have lost most of our best posters. I know they said no new board, but I'm beginning to wonder if they all went over there to a private board. Hope not, as this was the best board on Yahoo before Sil, Sardonic and their multiple aliases showed up.
In any event, anyone calculate how many days we have left until the offering is complete? TIA.
Somebody bought 100k with 2 seconds left in the trading week and the price didn't budge. Crooked trading. The little guy never has a chance in this corrupt market....
Still see no way they hit the $19-21M "adjusted ebitda" guidance. What will the excuse be when they have to eventually lower the guidance or miss the number? They are half-way through the fiscal year and haven't hit $7M yet.
Still cannot locate a bank that has deposit slips for "adjusted ebitda".
Physical distribution of goods to big box retailers still makes up 70% of all revenues. Revenues that keep declining and revenues without any profits whatsoever.
Bottom line is another loss. "adjusted ebitda" is a fancy way of saying "we cannot report any true net earnings once again, but look at what we WOULD have made if not for all these pesky stock options and expenses".
Not impressed. Again. Make some REAL profits and maybe I'll start to be impressed.
Torry, you wrote on 9/24:
"The stock is only 89 cents. Pretty low price still and $4 going up. This looks like a no brainer."
Then, on Oct 4, you posted:
"Buy more MCZ at 0.82. INUV first batch buy at $1.42. Who else is in?"
Finally, Oct 9, you posted:
"Foggyswamp Sardonicwanker, I just loaded up on MCZ in high 60 cent range. INUV is rock solid even after huge run up. Very bullish. MU working nicly. Still hold 1/2 IMOS."
Now, you want to say you never recommended MCZ??? Go away for good, loser.
Very bullish. Notes:
Expects DRAM supplies to remain tight throughout first half of 2014.
No new capacity has come on the market to replace Hynix product.
Micron continues to convert dram to nand despite dram shortages.
New gaming platforms a big opportunity.
Joint ventures with Inoterra and Intel are unique and very lucrative.
35% of Inoterra profits go to micron. And they are growing.
Single digit tax structure for the forseeable future.
More in a bit.
Silly, you just keep showing your ignorance. The 4th quarter weakness will be expected, as it has already been guided towards. And Chipmos does not usually report year-end results until mid-March. The stock will be reacting instead to the impending Taiwan listing, new Taiwan analyst coverage, q1 revenues back in growth mode, and possible new Micron business.
Interesting debate back here in early August. I disagreed with the pumpers and argued that the company had significant execution issues that had lasted for years and were likely continue until new management was installed. The board pumpers made every excuse in the book.
Fast forward almost 4 months. Stock price is down 20%. Company announced an absolutuley abysmal quarter. Company announced MOJO is not ready for prime time. Company announced that Gamesmart would not contribute any meaningful revenues for some time. Company guided to several more quarters of lousy results. Company had no real explanation for why they have nearly zero retail presence in key US retailers.
Bottom line? More lack of execution. Most shocking is this: Madcatz, a gaming peripheral company, diverted its time, focus, and finances to two initiatives, MOJO and Gamesmart, while it should have been solely focused on having products and tie-ins with the two biggest game launches in history. Instead of preparing for a HUGE six months of revenues to coincide with the game launches, they were spending their resources on two products that would have no significant revenues any time in the near future. Then they have the audacity to guide to more disappointing quarters due to the game console transition. DUE TO IT? Not BENEFITING FROM IT? This would be like a 5-month summer ice cream stand business closing in July to go on a family vacation!
This is all just common sense. Retail 101. This entire management team should be shown the door. Missing this critical oppportunity should be Chapter 1 in the next book written on the biggest management disasters in the history of retail.
Has, they will report Mon or Tues as they are very consistent on the 9th/10th. Also, they never make a comment. Just the sales.
I am expecting flat to slightly down from October as they have guided for q4 to be down 4-8%. Up anything would be great news and there has been almost no fluctuation in the exchange rate over the last month or two.