Tab, my favorite pick for the next 14 months is Towerjazz, TSEM. It is an Israeli semiconductor play. Much like IMOS (a double in the past year), it is a company with somewhat confusing financials. Bottom line is they made a sweetheart deal with Panasonic which will result in huge earnings over the next few quarters, earnings the street still hasn't figured out. 3 analysts have a $2 earnings estimate for '15, and the stock trades at $9. Got the pick from Jaret Wilson, an outstanding Seeking Alpha author.
Jam, my take is that will be the non-gaap type of number. IMOS U.S. earnings will be considerably less due to the dreaded "non-controlling interest". And in the last earnings release, mangement did not even report a non-gaap number. We were left to figure it out. Just another example of SK/SJ almost appearing to try to sabotage our share price to somehow benefit the 8150 holders in a conversion scenario.
Real nice job growing the company, but let's stop with the decimal points when giving quarterly profit guidance. It makes you look like a penny stock. Analysts have you pegged to earn about .70 a share in 2015 and $1.00 in 2016. Do you really need to guide at .085 to .115 for instance? The future is extremely bright- don't be afraid to project that!
Welcome aboard the Annoyed Express, Turt. There are still way too many apologists and cheerleaders on the dock. The actions of SJ/SK show they could not care less about their U.S. investors. This tech wreck has been widely advertised and predicted. Management has had numerous opportunities to put a floor under their stock price. Management has had months to get the conversion proposal out front. They have stumbled and bumbled along the whole way. They have done absolutely nothing.
Roy, if there is any saving grace, this pullback allowed me to finally start a position today in Jaret's TSEM. Picked up some common and April calls.
Caff, forget about waking up the bears. Somebody needs to wake up SK and SJ. They met with their big U.S. investors 4 MONTHS AGO to discuss the conversion. The fact that October is nearly half over and we still don't have a proposal is inexcusable.
Bama, agree completely. All the benefits to date have gone to 8150 and I don't see that changing. And as I have stated before, the old argument that if we don't like the proposal, "we will just vote it down" is hogwash. This board controls perhaps 8% of the votes and our institutional investors are a bunch of patsies. Where is Carl Icahn when we need him?
The only bright spot I see is that Caff has been strangely quiet. In the past, his silence has been followed by news being released.
Predictable. Russ had to rush out an article to protect his Intel calls.
JJ is a pain in the axx, but several others, including myself have been pounding on management to get off their butts and get the conversion proposal out before the widely expected tech crash. Well, here it is. Yet another screwup by a management team that has no right to ever again utter the words "shareholder value".
Marnis, if Chipmos is and has been operating at full throttle, would you care to explain why September revenues were below August when all of their customers were up?
That "send your heartbeat" feature on the iWatch sure sounds like Immersion tech to me. Perhaps we finally have our foot in the door. Immersion haptics in the upcoming iPad would be huge.
Jam, I think $65 mil is a lock. Novatek August revs were up 6.2% over July an an astounding 42% year over year. What I want is $200M for the quarter, but that is quite a bit above guidance.
I don't know if anyone follows chartist Harry Boxer, but he made a call two weeks ago that Himax needed to consolidate or drop a little, then would move above $8 with volume, followed quickly by a move to $9. His calls are very good.
Dave, I too am generally pleased with the 7% discount, and even more pleased to see that the deal could close very quickly if SPIL chooses to do so. Also pleased with the resulting 3% reduction in the IMOS share count, which improves EPS going forward. Less exciting too me is the continuing negative impact on earnings as a result of the non-controlling interest. I realize it was a necessary step in the unwinding for IMOS to reduce its stake in 8150, but while we wait for the share collapse, it is resulting in lower earnings for the US shares. We also reduced our share more than we originally expected. As revenues and profits grow, it would be nice to get a bigger share over here. I am willing to wait another six months, but I will not back away from my view that a disproportionate share of the financial benefits have gone to 8150 holders. It's time for someone to look out for our interests.
Jaret, I will reserve judgement on the SPIL buyback until I see the price paid. We tend to SELL shares below-market- let's hope we don't BUY them above! Overall very positive business conditions, but I continue to find it unacceptable that they aren't even willing to discuss a timetable on conversion.
I hope Caff guides them up on revenue guidance during the call. I am a little disappointed in 3 to 7 after a great July. August and September should be even stronger. It would take about 10% to hit 200M.
Golong, this ruling will never stand up. it defies logic to expect Siga to pay $100 per course on the original order of 14.7m courses when the order was cut to 1.7m courses. So Siga pays on the 1.7m courses now, less expenses. Likley around $80m, and only pays more if another re-order takes place. Did the judge address the shady way Siga has been withholding the money from Pip?
Companies are only required to identify the names of their 10% customers at year-end, in the 10K. But since they are breaking down the percentage of volume of each of their "unnnamed" top 5 customers, it may be possible to determine if Apple was a customer in the June quarter. To do the calculation, we would need to know what the earlier sales volume with Apple was. Anyone up to the challenge?