Jaret, great work. Thanks for a clear recap for those who are unaware of the great potential for at least a double here over the next 12 months...
Z, I have owned AMKR in the past as well. IMOS is a much strongrer play here due to the unlocking of value that will occur as a result of the Taiwan IPO and stock listing. Also, IMOS' earnings this year will be double those of AMKR per share, and IMOS will spend about a fourth as much on capex, about $100M to AMKR's $420M. Great recap by Jaret today on the IMOS board of the process.
I have no concerns about the past ethics charges. The two guys that run the company are very solid operators. The biggest gripe is that many shareholders wanted a second stock buyback recently, and management said they would wait until after the first Taiwan listing. They said they wanted to do the prudent thing which was to pay down more debt first. Tjey have managed the balance sheet tremendously, paying down hundreds of millions in debt from free cash flow ovver the past five years. They are now net-debt free, meaning the cash on hand would clear all remaining long term debt. Which opens the door to very nice dividends in the very near future.
This will be my last post on IMOS as it's not fair to Navarians.
Since SEC rules allow another 15 days or so to report Q4, methinks SIGA is holding off while anticipating a favorable ruling from Delaware during that time period...
Problem is prettycup, the Supremes will probably over-rule Parsons but send it back to him to determine the lesser damages.
Not including Samsung in 2013 guidance? Lousy revenue forecast without them. They better say something positive about Sony Playstation 4 in the call or the stock is toast tomorrow...
Albemarle. Writer's quote from recent motley Fool article:
"On a trailing-12-month basis, finished goods inventory was the fastest-growing segment, up 4.5%. That can be a warning sign, so investors should check in with Albemarle's filings to make sure there's a good reason for packing the storeroom for this period. On a sequential-quarter basis, each segment of inventory decreased. Albemarle seems to be handling inventory well enough, but the individual segments don't provide a clear signal"
Have they been "packing the storeroom" with ST 246? One can only hope...
Frustrated? Micro, I started posting in NOVEMBER telling you that Best Buy was discontinuing several Madcatz items, including the Warhead and Trigger.. I also asked you to even ask the clerks to check the computer. Instead you chose to blast me and accuse me of bashing. NOW, you're SHOCKED by these developments?? Unbelievable.
Material information? You bet your #$%$. All you have to is look at Q3 results. Say what you want about Best Buy, but a TON of the retail electronics product in this country moves through those doors...
No, putz, I said that Best Buy wouldn't tie up significant inventory dollars on a $300 dog collecting dust on the bottom shelf. No good business operator would. You make money in retail with TURNS. If an item doesn't sell, you dump it and direct your inventory dollars elsewhere.
And I didn't become mute. I told your lazy #$%$ to quit spending so much time posting on a message board and get out to retail and do REAL due diligence. TALK to people. Find out with your OWN eyes and ears. Don't trust others to give you meaningless channel checks. But you didn't have the #$%$ to SPEAK to anyone to verify information- you preferred to wave your pom poms and "cheer" the stock price to $2. How did that work out, puttttzzzzzz?
I sure hope nothing delays this ESM listing beyond April. Problem is, with all the past stumbling and bumbling, I frankly would not be surprised if they goofed up again.
Management has already poorly timed this thing and completely missed out on a major market rally...
You mean the punishment to its shareholders, right?
They haven't made a dime in a few years and still will not give a guidance point for when that will change.
Considering all and the cash burn, it is still overpriced by 30%.
Dave, with the mandatory 6-month wait to trade on the "big board'", they really need to get this process moving. My biggest frustration with these guys is there just never seems to be any urgency.
This was a shameful performance by Rose and his CFO. NEVER have I seen a management team with so little respect for its shareholders. They thank everyone for the "vigorous" questioning, yet answered virtually none of them! They refuse talk about anything! They OWE their investors and analysts at least a roadmap to the NDA filing, especially if they are not going to recognize any revenue until approval. Their arrogance is downright appalling. They would not even answer whether PIP would be paid during the deferred revenue period! I will never invest another dime in this company.
Drod, if you are right, and you make a good case, PIP will certainly file a formal complaint with the SEC/IRS and get an order requiring SIGA to recognize all revenue after the initial 500,000 doses have been delivered if FDA approval, which is NOT a requirement of the contract, is the only remaining milestone.
Amln, I'm not sure the stock drops here. This is just more of the same- no real surprise. Biggest threat is that Wedbush, who has been kneeling before Rose for years, finally downgrades. Their analyst on the call sounded VERY frustrated with none of his questions getting answered.
SIGA stock halted this coming Tuesday at 10:50 am.
Press Release at 11:20 am that Delaware Supreme Court has reversed the 50/50 split ruling and sent it back to Parsons to determine lower damages based on PIP's actual damages.
Stock re-opens at 12:30 pm. First trade at $7.07. Stock closes at $7.47.
Putzzzzzz, I never said there would be a change in the percentage. There will be NO such thing. PIP will get a flat amount below $10M and SIGA will keep all the profits from the drug. And YES, that will cause a dramatic swing in the stock prices of BOTH companies. As much as the Supreme Court will not want to over-rule Parsons, they HAVE to, unless they want to re-write the laws of Delaware and New York.
Enough, your 'bumbling' reference was spot on- don't apologize for it. Nearly all longs here agree that the two guys running this company have done a fabulous job of running the company, paying down debt, etc.
But alot of us DISAGREE about their ability to create shareholder value in other ways. They absolutely HAVE bumbled and stumbled in many areas, and HAVE lost credibility with some investors. Some day they may come to understand the nuances of other companies who know how to word and time a press release, and to operate in a manner which actually helps their shareholders. But I'm not holding out much hope. In fact, I have prepared myself to once again BE disappointed on the 18th. I expect more mis-steps, such as not being ready to talk about the listing or delaying it. Because these two guys just DO NOT get it. That is the simplest of reasons why their stock price languishes compared to its lesser peers even after creating enough cash flow to pay off half a billion dollars in the last five years even during a semiconductor cycle that has not been too dang hot.
In the past, PIP took advantage of undeserved rises in its stock price by issuing more shares. This might be just that setup again. It might even buy them another year in business after the ruling.