Excitement in the CHIP SECTOR refers primarily to "brains on a chip" companies, not memory chips. Memory chips are a commodity these days and not in such high regard as companies building chips that DO THINGS.
I do not see any more consolidation in memory chips since we are really down to 3-4 major players now.
I still like MU as an investment at current share price however.
PSEC has been in a $8-$12 range for the past 6 years. Each time it hit $8 it recovered nicely up to $11-12 again. PSEC is a healthy company & I see no reason that we will not recover again at some point in time. Until then collect 12%.
I don't hold L/T, but have traded in & out several times in the past couple years and my current shares are at about a $8.50 average which I feel is a good level with limited downside at this point in time. I agree that if a person has had shares for the past few years is in at $11.00 or $12 then they have lost as much as they have gained in dividends.
PSEC on average drops in price a couple days before x-divi and also on x-divi day. And drops further after x-divi day. Such is life.
The new planes and additional seats in the industry are not flooding the market RIGHT NOW. It will be a gradual process over many quarters. There should be little effect on this year in any case. Totally scare tactics & panic over the story. I think we will see airline bounce back soon.
Seems to be an over-reaction to me. Hawaiian has the Hawaii market locked up pretty good plus a preferred airline in most of their markets.
Seems LUV is expanding routes and seat capacity as are other airlines and the feeling is there will be a price war lowering airline profits. All airlines are selling off big time.
Sure seems like we will be closing around $26.00 - 26.30 today.
I see 40%+ dilution if all warrants exercised, no real sales growth from last quarter even though new tests added to Verigene, reduced employee count means smaller sales staff and slower research speed. Yes they lost less money due to cuts in payroll and improved mark-up. Glad you like it! Enjoy........ my money will take it's chances elsewhere.
You are right it will increase management's fees due to managing more money. But that is not correct that stockholders have to "pony up cash". If a stockholder wants to buy shares in the new companies they get first chance with the rights offering. If you don't want to invest more you sell your "rights" if there is a market for them ……. or just ignore the whole thing. The assets PSEC is selling will result in cash replacing the assets on the balance sheet. This new money will be loaned out resulting in keeping the revenue stream stable. Should they be able to sell assets for a reasonable profit we may see special as well.
Well the stock did jump nicely today. Earnings were better than expected primarily IMO due to reducing expenses and laying off some employees last quarter. However sales did increase pretty good due to additional test offerings.
They did do a secondary to a private investor at $3.76 per convertible share ( .19 cents pre-split ) for 1.17 million shares. Also they get warrants for another 1.17 million shares at the same strike price. So this can increase share count from the current 5.28M to 7.62M if warrants are exercised. That's something like 45% dilution if my math is right. They are on track to lose $25-30 Million this year. Time will tell how this story turns out. GLTA