Marnis, I agree with your points, but I have two concerns. First, this conversion might not happen very quickly. If I am not mistaken, SJ did not even want to confirm that it would occur during 2014 on the call. The way this company does everything at a snail's pace will not help. Second, I am baffled why all the recent volume in IMOST trading has not resulted in a higher price. Common sense says there would not be too many willing sellers a month before an IPO, resulting in an order imbalance and rapid share price increase when volume rises. Volume has soared the past few sessions with little price movement, in fact down a tad. If this is how Taiwan trading works, and we're about to become a "quasi" arbitrage play of IMOST, this is concerning.
Russ, you keep pounding this Intel story, but I just don't see it. The stock has been basically dead money for 3 years. Their decisions not go heavy in Mobile phones really set them back. In some respects, they're becoming as disappointing as Cisco. Great volume, great market share, but nothing for the shareholders. I guess options costing .37 cents don't have much risk, but I just don't see the turnaround. Best of luck to you, and thanks for all your great Micron work.
Jaret, I've never heard the local Ponderosa described quite that way. I told you the Silent One throws nickels around like they're manhole covers! Seriously, though, anyone driving through Toledo on I-75 should check out Mancy's.
Yes, today was a bit disappointing. Perhaps some of these analyst upgrades will hit the wire in the morning and make for a better day. Thanks to Caff for pulling the non-GAAP earnings out of management, but unfortunately the masses do not listen to the call. Our management team, while doing a great job of running the company, sure need help when it comes to framing good news. Thay have definitely improved, but work is still needed. All in all, 2013 was a real solid year, and 2014 is off to an even better start.
JJ, give it a rest.
They BEAT the estimates, but they did a poor job of framing the announcement. They should have listed non- GAAP results in the headline section above the release. Micron used to make this same mistake but has corrected it. Caff did the math for you on an earlier post -- non-GAAP along with share count revisions resulted in .49 cents which is a beat.
Unfortunately, it looks like just normal profit-taking after a very nice 3-month run.
JJ, you are right. HIMX has had more undeserved pops in a year than more deserving stocks get in a decade. They have been a "glory" stock ever since it was announced as the Glass supplier, and not a single pair has been sold at retail. I want them to do well as they are a Chipmos customer, but I would not hold their stock at these levels under any circumstances. I would consider them a buy at 8, a hold at 12, and a sell at 16...
Just want to add a third WOW to these results. Company is absolutely knocking the cover off the ball.
Also, there have been multiple reports that the Ultra HD tv estimates for unit volume have risen for later this year. With an average of 6-8 drivers per tv vs.2 in standard HD sets, this will result in huge revenue for Chipmos in the coming quarters. Taiwan trading will have to reflect all this good news very soon.
Oilman, while I agree with much of what you say, it is very likely that the short interest SOARED on Thursday. The irrational doubling of the stock and huge volume very likely resulted in a ton of shorting. Those numbers have not yet been reported.
Three weeks later, and chicken wing prices have risen 20% in the Midwest. This is typical as March Madness has become huge, as the tournament is three weeks long and draws big crowds to bars and restaurants. Upside is good traffic, downside is higher wing costs.
One thing I can't get past. As directors, Becker and Shisler clearly are "in the know" about the business. If Apple were to remain as a customer and strongly support the product, the stock price would be headed for $20 and beyond. And these two big shareholders would undoubtedly hold their stock for the big gains. The fact that they likely sold everything today and gave up their seats would clearly have to be an indication that Apple is gone, right? If the business outlook was THAT good, even without Apple, would these guys be selling now after holding for so long?
Nuoninuo, Micron could blow through that $27 in a hurry under the right circumstances. The street estimate for earnings in 3-4 weeks is .61 cents. If they do the .85 to $1.00 that many are expecting, it will be well on its way. The recent softness and consolidation is healthy and is setting up a tightly coiled spring ready to explode. You have nearly two months left on those options, and I hold some of the same strike. I'm not selling anything.
Silent, it only took you two sentences to absolutely destroy the English language. I'm beginning to think you took performance-enhancing supplements the morning you won that 6th-grade spelling bee. Your middle-school English teacher would be proud. Good thing you know a thing or two about investing:)
Buffy, that was a great post and value to the board.
The retracements haven't been a lot of fun. The extensions, now those I am looking forward to. How long do you think it will take to take out the 61.8 at $24.04? My guess is Tuesday, March 11!
Tabby, are you into the sauce tonight? I know understanding financials has never been your strength, but you MUST realize that cash flow growth comes from profits, right? Just how does the Cat grow $35M worth of cash to its balance sheet in 2 years when they continue to lose money every quarter? There is no depreciation masking profits. Their sales were much higher in the Rockband era, and they actually made a few bucks, but those days are over. You don't generate Rockband revenues when you are producing 1,000 units of your hot new products. Humor me- SHOW me where those free cash flows will come from. No, NOT based on 3 years ago- based on the NEXT 2 years. Show me. Please.
"But don't take my word for it, just look at the daily volume and the share price, that should tell you what the market thinks of Viegas' performance"
Ummmm. OK. I looked. The stock is up 5% for the day. Apparently the market is looking at all-time record revenues and guidance for another record in 2014 as good news.
Company also has $80m in cash, no long term debt, and is throwing off free cash flow every quarter. I find it very unlikely that Immersion will survive another 18 months without being bought out. A company like Samsung or Synaptics could pay a 70% premium and not even feel it.
This was a really solid call. Everything is finally coming together and the ubiquity in haptics Vic has talked about for years is finally taking shape. It also looks to me like Vic has some new licensees or patent settlerments in his back pocket that he is waiting to announce.
Also, do not underestimate the impact of this tax gain. For years, new investors have looked at the metrics of this company on various financial web sites and seen either no p/e, or a p/e of 85. Once these sites update their metrics, we will be looking at a trailing p/e of 9 or 10 with a growth rate of 30. This stock is going higher.
Thanks, Paolo. You are one of the few who really see everything that is happening at Immersion. They are really beginning to crank on all cylinders. It's just a matter of a time before all these deals and licensees become evident in real earnings. The key for them is to keep the operating expenses neutral while growing the revenues with 97% margins. That combination will result in rapidly expanding net profits and a higher stock price. I will safely predict a new 52-week high in the stock by August 15. Apple is not expected and not likely. They will do fine without them. But if Apple WERE to finally become a licensee, it would blow the lid off.
KG, it SHOULD scare you. Because 80% of call options buys are losers. What he doesn't say, is even if Micron beats their number, you are risking a lot with the general market. If the market takes a dump in the next 60 days, your Micron options will plummet and you will have no time to recover your money, unlike holding the common shares. Options are fine in the right conditions used by people who understand them, but most investors should steer clear of them and play it safe.
I might add that he's 60 but looks 40. You won't miss him- he's the one with the big belly and
God, I'm going to miss the fun...