I am. INVN has a history of overshooting on the upside and downside. We now have the downside. You need to reassess why you are in this stock, your time horizon and your risk tolerance. If INVN is keeping you up at night you need to get out and be in something less volatile. Your expectations are off the mark short term.
I would suggest people go over to the Seeking Alpha website for more balanced informative commentary. There people actually discuss things like Soc (system on chip) versus a hub and sensor approach (which is what apple is using in the IPhone 6, along with things like power usage. This used to be a good board before all the newbies showed up.
To try and provide some balance to your "horror" show: We knew before hand that most of the cash was going to be used up for the Movea and TPI acquisitions. Gross margin would have gone from about 51 percent down to 43 without the inventory write-down. The drop in margins should not be a surprise for being in the premier smartphone. Yes Samsung is down but Xiaomi is up and taking market share from Samsung. Samsung just announced that their strategy of largely avoiding the mid to low end smartphone market was way off and they plan to launch several cheaper phones with more features. It shouldn't matter if Samsung goes down but xiaomi picks up the slack at similar prices. Samsung just yesterday announced the Gear S smartwatch that will include heart monitors and the ability to text and make calls without needing your cell phone. It goes on sale November 7. OIS is being adopted by more and more OEM's. It just amazes me how the people invested in this stock are so manic depressive. Before INVN just had to be in the IPhone otherwise the world was coming to an end and now the world is coming to an end because you got what you wanted. Just a couple weeks ago people were saying INVN is cutting edge, now its selling a commodity product. Make up your minds. Short term expectations were way overblown and unrealistic. We need to see the Iwatch and get an idea of how its going to sell along with other wearables. Give the new CFO a chance. He cleared the deck and the financials took some lumps, But things are not as bad as you make them seem.
I don't expect it to hit the much lower than this and then look for a substantial bounce. That is just my two cents. I am not a trader by any means and as I have posted before the long term picture is still unchanged. Apple has announced Foxconn is taking in adequate supplies of parts so there will be enough Iphones for the Christmas selling season. That's good news for IPhone suppliers. Unfortunately we have to wait until the 10K to get more details on apple margins and contract details.
WE'RE DOOMED!!! DOOOOMED I TELL YOU!!! What a jerk. Go back under your rock.
OH ya look at what you post. If you look at the chart you will see this is not uncommon for this stock. You suggest what, buy when it goes way up and then sell when it goes down??
Don't say you weren't told.
What it all boils down to is they would have made their numbers if not for the 7.4 million inventory write-down, extra million in R&D compared to last quarter and an extra 2 million in operating expenses from the TPI and Movea acquisitions. I am more interested in how OIS is going to be adopted by OEM's and how the apple smartwatch is going to sell. Wearable technology along with growth in china (remember the IPhone 6 didn't go on sale until mid October) are the real drivers of this stock going forward. I thought INVN was about fairly valued at 18-19 or so, overvalued at 23-24 where I sold a big chunk of my shares and undervalued below 18. Nothing has changed for me. I repurchased my shares in the 18 - 19 range and I am holding on.
Calm down. Come out from the ledge. We have some doctors here that can help and will put you in a nice padded room with a special jacket to wear.
I thought it was a little overvalued at 24-25 and sold a large chunk of my shares, but now the opposite is happening. Its trading like it lost apple and growth drivers going forward are disappearing. It just amazes me how this stock acts like its on Prozac. The problem is people trade it all wrong they get in at 22-23 and now will dump at the bottom.
As a recovering CPA I can tell you many times what companies with improving metrics will do is pack all the #$%$ into this quarter so next quarter looks even better. This could be the case with INVN. Do any write downs now so we can go forward with a clean slate. What I want to hear are details on their business with apple and the forward guidance.
I am just curious why you continually post the same stuff over and over again. Am I supposed to be impressed?? I am not.