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ChipMOS TECHNOLOGIES (Bermuda) LTD. Message Board

marnis123 3 posts  |  Last Activity: Apr 8, 2016 6:57 PM Member since: Jul 7, 1999
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  • Reply to

    March Revenue

    by jamcracker25 Apr 5, 2016 1:51 PM
    marnis123 marnis123 Apr 8, 2016 6:57 PM Flag

    guys- let's get real. The cake is baked. Unless some unforeseen circumstance #$%$ the deal the conversion will happen this year. End of story. We could discuss all the bad moves by management over the last 6 years or so. If they had performed perfectly the stock would be a conservative $80 today [ no reverse split, no conversion, buybacks when stock was $1-, half the shares out] than now]. But since I am forced to live in the real world compared to one I would like to live in- the conversion will happen and then i will reanalyze the situation.

    Sentiment: Strong Buy

  • Reply to

    March Revenue

    by jamcracker25 Apr 5, 2016 1:51 PM
    marnis123 marnis123 Apr 8, 2016 8:01 AM Flag

    JW- to answer your question of what to do next the way I see it- IMOS is certainly undervalued if for no other reason than the discount [to a probably undervalued] 8150- creating a double reason for owning IMOS at this point. Once the conversion is completed in the 3rd quarter [ and I have to assume SJ is very conservative on this prediction, so maybe early in the 3rd, say July 4th to pick a good date] at that point the discount will disappear. The downside risk is very small from here [ 8150 could be about $26 and we would would get today's value] and the time frame is short. If the conversion was today the IMOS price would be more than $4 more. Obviously something has to change between the two stock prices within a short time. I have placed my bet because the risk/reward is excellent. After the conversion then IMOS/8150 is just one of 5000 or so stocks to analyze.

    Sentiment: Strong Buy

  • marnis123 marnis123 Feb 24, 2016 3:55 PM Flag

    Roy- will second Caff's analysis of MU. Very briefly- got hoodwinked by management. And underestimated how complex and competetive the industry is. The problem with making an investment [ compared to a trade] is that one rumor or annoucement by Samsung craters the stock. Also it will take years [ if ever] to prove it is not a very cyclical business [ maybe it IS your father's Micron]. I posted when I sold my posey at 35, 20 and 14 respectively. Caveat emptor especially on message boards.... As for IMOS I share the frustration of all long term holders and have the same feeling of being misled by management. However I recognize the current situation and large discount to 8150 and the belief that the end is in sight and hope to pick up a few bucks from here on the conversion. I consider the risk of holding at this point low.

    Sentiment: Strong Buy

IMOS
16.82-0.50(-2.89%)Apr 29 4:00 PMEDT