Well, apparently I'm the only one who thinks the numbers looked damn good, although as I've posted before the current PPS in the $90's is looking overvalued at this point. I think we'll see some nice buying opportunities in the months ahead. Management holds too much of the stock and the future is looking too bright to expect a sale to GE or anyone like that right now. I'm sure there is interest, but IPGP hasn't reached its full potential, which is likely many years away. GLTA!
While management was pretty positive on the last cc, I don't expect as good a quarter as last time (no 25% revenue growth!). Should come in closer to the analyst estimates. Anyone noticing the analysts seem to be setting the bar higher than they ever did before for IPGP? Any thoughts out there?
Yes, IPGP is involved in these weapons tests and on the cc's and filings they've talked about other neat applications like well drilling, 3D printing, paint stripping, etc. I still think all these are somewhat in their infancy and won't be the main revenue drivers for IPGP in the near to intermediate future.
While it's not as sexy to talk about as laser weapons, they've really revolutionized the use of industrial lasers for cutting, welding, etc. 20 years ago you'd only find lasers in the most advanced manufacturing settings and all of the earlier models were CO2 and YAG lasers that were clunky to work with and expensive. Fiber lasers have really changed all that and you can now find them everywhere. Even places that have used electrical or mechanical cutting and welding tools for the last 70 years, like the major auto or appliance makers, are switching over to fiber lasers because they are cheaper and better and the advanced metals they are using cannot be cut or welded any other way. There is ALOT more money to be made in industrial applications than the more exotic ones like laser weapons in the next 10 years.
You hit the nail on the head. I laughed when I saw the recent press releases ending the dividend and shaking up the Board. None of this will make any difference without a solid product strategy. So far, this new CEO Grady doesn't have one. They are retreating into 10 year old systems with low margins because they lack the know-how and capital to develop new technologies. They can reshuffle all they want, but it won't make a difference.
Happy to see it go up, but I think the valuation is getting a little ahead of itself here. Seems like a buyout or dividend is already being priced in, but I don't see that in the near term. I'm holding for now, but will be a buyer under $90.