* Taiwan's TPK Holding Co Ltd ( TPKCF ) 3D Touch, or Force Touch technology, according to supply chain sources. It provides touch sensors to makers of liquid crystal displays, which are installed inside the phone.
* Vibration motors are then installed during the final stage of product assembly. These motors are crucial in detecting signals from pressure sensors, which activate when a finger touches the screen. According to one industry source, Japan's Nidec Corp ( NJ ) is likely to be the sole supplier of the motors, at least initially.
* Chips and components rest atop flexible printed circuit boards inside the phone. This industry should benefit from the introduction of Force Touch as it requires a new type of circuit board that increases its value per iPhone box, according to the industry. Taiwan's Zhen Ding Technology Holding Ltd and Japan's Nippon Mektron Ltd, an unlisted subsidiary of NOK Corp,will supply the majority of the flexible printed circuit boards for the new iPhones, sources said.
Dahn, I think you finally understand the big picture. With 2016 election craziness dominating for the next year, nobody in government wants to stick their neck out and get fired when the next administration takes over. There are still a lot of candidates and powerful forces that want to eliminate the DOE. Everyone in government is going to be looking out only for themselves for the foreseeable future.
Here's what the idiots in Congress spend their time doing:
"The GOP returned to Washington hoping to make short work of a resolution of disapproval on the Iran nuclear deal before moving on to the equally pressing issue of working out a measure to fund the government and avoid a shutdown.
But House Republicans have revolted against the leadership’s plan, arguing the agreement’s 60-day congressional review period hasn’t started yet because the Obama administration hasn’t shared the details of so-called “side deals” between Tehran and the International Atomic Energy Agency.
Their Senate counterparts have had trouble hiding their disbelief over the unforeseen tactic."
Do you really think they give one thought to ITT?
Speaking of "amoral", let's take a look at Congress, the ultimate amoral institution. Here's a quiz.
Question: Is Congress thinking about:
a) Shutting down ITT and rescuing a bunch of students who couldn't make good decisions about their education, or
b) How much wealth they can accumulate while in office?
"before moving on to the equally pressing issue of working out a measure to fund the government and avoid a shutdown"
The circus is back in town.
The clown show has already begun. You've got bimbos, comb overs, neurosurgeons, email servers, CEOS that have failed miserably, Ted Cruz the nut job, Bindal Jindal, Perry who can't tie his own shoelaces, the big fat blubbering blob Christie, and a few other side shows in case the American public gets bored with them (and it will not be boring).
Have any of the clowns mentioned student debt other than to say they sympathize with debt-laden students?
Even if any of them REALLY cared (which I doubt), they can't do anything until 2017 at the EARLIEST and, believe me, student debt will NOT be a high priority in the first year of a new presidency!
Dahn, I HIGHLY recommend that if you want to get your money back:
1) Forget about your hatred of Modany. He's just a worm. Do you hate worms? Most people just ignore worms.
2) Buy as much of ESI as you can afford and wait one year. You will at least TRIPLE your money.
In one year, please don't make say "I told you so!"
Dahn, act fast! You can buy 55,000 shares at the $3.49 ask if you hurry! Someone's trying to manipulate the options and you can teach them a lesson! Hurry!!
It could be someone spoofing or it could be someone playing or protecting the August 3.5 calls.
What are the possibilities?
Maybe someone sold the August 3.5 calls and would like to see them expire worthless. That would be a reason to keep the price below $3.50. The buyer(s) of the calls can't be happy to see that 55,000 share wall (real or just spoofing). Total outstanding $3.50 and $4.00 August calls are 2500 options (i.e. 250,000 shares)
It seems unlikely to be shorts. If ESI moved up on news, they'd lose even more money.
It could also simply be someone who bought 55,000 shares at around $3.00/share and figures if they can sell it all at $3.49, they would have a $27,000 profit in the space of a month or two. They may figure there's no news coming soon so just take a profit.
Are we going to get any news before Q3 earnings? I suspect earnings will be around October 28th or so.
Oops, you are right about the options being September options. I spent the month of August in Australia, in a completely different mental state.
Thanks for your summary of what good news will drive ESI higher.
Here's how much I think ESI will pop for each of your scenarios:
1) the DoE finally agrees with ITT about their 2013 rating and decides to lift the HCM1 status. ESI will pop to $10+ and stay there or go higher.
2) ITT announcing a new CEO. Depending on the quality and integrity of the new CEO, ESI will pop to $7-$8 and may stay there.
3) An SEC settlement agreement. Depending on how much Modany and Fitzpatrick have to pay back to ESI, we could see a $3 gain from whatever level we are currently at. I think you posted that a settlement hearing is scheduled for late 2016 so we won't see that for a while.
4) The 3 remaining CFPB charges are dismissed. We should see a $4 or so pop because I think the market is pricing in a significant fine of $30 million or so (ala Corinthian).
5) NM grants ITT's motion to dismiss. We should see a pop of $2-$3 but it may not be sustainable.
6) I also think that any perception that the Republicans will win the Presidency will help ESI since it's the Democrats who have been harassing the for-Profits. That may materialize around April or so of 2016 as polls become more reliable.
With respect to the September call options, unfortunately I think that because volume is so low, the MM or the shorts will have full control over where ESI ends next Friday. In August, ESI ended at almost exactly $3.00. My guess is we'll end September options Friday at $3.50 with a slight chance of getting to $4.00. If the manipulators push it to $3.00, I'll be adding to my already significant positon.
For me, that's pretty ironic that NM is the only state suing ITT. I only know 2 people who graduated from ITT and both of them work for Intel in NM. One earns about $85,000/year and has been there for 20 years. The other has higher seniority and presumably earns more.
Thanks for clarifying the October 2015 "status conference" date. I thought it was in 2016.
The SEC has said that they are just looking for Modany and Fitzpatrick to pay back ill gotten gains to ESI shareholders. I don't think they are going after ITT itself, just Modany and Fitzpatrick. I'd love to see Modany and Fitzpatrick pay back millions to ESI shareholders.
I think you have a good point that maybe ITT will name a new CEO before the SEC conference. The other possibility is that Modany will hide behind ITT while negotiating with the SEC.
I wonder how the shareholder lawsuits would be affected if the SEC just fined Modany and Fitzpatrick and let ITT off the hook. The bloodsucking lawyers might have to turn their attention to only M&F and leave ITT alone.
I'm encouraged that we might get significant positive news before the end of 2015.
"Motif Investing added, however, “A recent court ruling may have limited the government’s authority to regulate for-profit schools, thereby maintaining the availability of federal loans for students in these schools."
“And, if a recovering economy can spark increased enrollments, longer-term investors may consider pushing these stocks to the head of the class.”
Motif is an online brokerage built on thematic portfolios, of up to 30 stocks and ETFs, which can be customized and traded.
Motif has developed unique financial products called “motifs” that are similar to the low-cost exchange-traded funds. Exchange Traded Funds (ETFs) are securities that track an index, commodity or basket of assets, and trade like a stock. Loosely resembling existing ETFs, motifs offer wide-ranging, low-risk investments.
"A recent court ruling may have limited the government’s authority to regulate for-profit schools" - Motif
Less regulation means less legal costs, better focus on the business, and increased profitability.
This is extremely positive for ESI. The refund is almost $1/share in added value and $6 million of it will add to their cash position. As huginsoars has pointed out, the $12 million reduction in the loan balance means interest savings as well as paying off the loan sooner. ESI`s financial position, aready strong, has been strengthened even more by this agreement with Cerberus. We`ll see more good news soon. $4 /share will soon have been the bargain of the century!