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Pfizer Inc. Message Board

royco 49 posts  |  Last Activity: 15 hours ago Member since: Jun 24, 2000
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  • Reply to

    Numbers and guidance will surprise on the downside

    by johngunn51 Jul 27, 2015 10:34 PM

    turt, et al
    Is there end of month window dressing issue perhaps, thought that usually applies to selling at the 1/4's end?

    Intel/Micron's “non-volatile memory” chip has gotten MU running today, can its Osat Imos be far behind?

    Sentiment: Strong Buy

  • Reply to

    Numbers and guidance will surprise on the downside

    by johngunn51 Jul 27, 2015 10:34 PM

    Most recent published news items are positive on Taiwan investment, sees stronger Chinese interest.
    Sample from today's newswire below, (as the trolls are coming out on the Yahoo MBs in force lately,
    and this bd. is no exception to such brilliant newcomers).


    "Lin
    The China Post
    Publication Date : 28-07-2015

    Taiwan's Investment Commission yesterday approved 12 investment applications including US$2.7 billion worth of foreign projects by its nationals, the most recorded in a single month.

    The commission is responsible for reviewing investments in Taiwan by overseas Chinese and foreign nationals, as well as foreign investments by Taiwan nationals.

    During yesterday's meeting, the Investment Commission approved three outward investment bids worth US$2.7 billion, marking a monthly record mainly due to Taiwan Semiconductor Manufacturing Co's new financial projects.

    ...Also yesterday, the Investment Commission approved four applications from Taiwan nationals for investing in China, worth a total of $166.85 million. It passed one cross-strait investment project in Taiwan worth $9.6 million, Investment Commission executive secretary Emile Chang said.
    This was a bid from China's Easepal to purchase a 60-per cent stake in Che Tai International Co., Chang said."

    Volatility is rarely a once and done phenomenon, but China pouring
    Govt. funded investments into the expanding semi manufacturing base is a trend that should continue and strengthen, as their "other" lower-priced handset categories expands market share vs. Samsung and big Apple. Imos' update viz a viz Amkr in that category will be interesting and hopefully a positive comparison. Awaiting July (3rd qtr. beginning) Revs around CC, guidance always important, but the cash hoard is
    there as we all have known.
    Gltlongs

    Sentiment: Strong Buy

  • Reply to

    Industry sell off not company specific

    by caffeine444444 Jul 24, 2015 7:09 PM
    royco royco Jul 27, 2015 9:44 AM Flag

    and Amkr, which reports tonight, is only down a few cents, while SPIL is actually in the green.
    Mngmt, should not sit on its hands as a matter of common sense, putting aside best practices, etc.
    OT: Congrats to memexpert on MAG.

    Sentiment: Strong Buy

  • Reply to

    Industry sell off not company specific

    by caffeine444444 Jul 24, 2015 7:09 PM
    royco royco Jul 25, 2015 2:24 PM Flag

    Caff,
    Level headed activism is important, along with level headed valuation.
    I suppose others saw this reported yesterday re undervalued semis based on metrics of "earnings yield":

    "Jul 24, 2015 (Fast Lane via COMTEX) -- Below are the three companies in the Semiconductors industry with the highest earnings yields. Earnings yield is useful to compare the relative benefit of owning a stock vs. owning other yield assets such as bonds. If the earnings yield is higher, stocks may be considered undervalued.Canadian Solar (NASDAQ:CSIQ) is highest with an earnings yield of 19.7%.

    Canadian Solar Inc. designs, manufactures, and sells solar module products that convert sunlight into electricity for a variety of uses....

    Following is Micron Technology (NASDAQ:MU) with an earnings yield of 18.4%.

    Finishing up the top three is ChipMOS TECHNOLOGIES Bermuda (NASDAQ:IMOS), with an earnings yield of 10.4%."

    Gllongs (as well as very recent acquirer(s) of this undervalued equity).

    Sentiment: Strong Buy

  • Reply to

    Emailed SJ today (24 July)

    by dada_giri Jul 24, 2015 5:26 PM
    royco royco Jul 24, 2015 6:22 PM Flag

    Dada, Turt, Bama, Lzheng, and all,

    Should be interesting to see if they either respond or act accordingly, as another investor I've highly respected provided the execs a succinct summary of action(s) required to get this back on the fast track to FV. Whatever terms one uses, Fiduciary responsibility and/or at a minimum "best practices", an accelerated buyback for Imos or both Imos and 8150 is a no brainier.

    Companies much larger than Imos announce "accelerators" within days of unwarranted stock price drops in less than two weeks time, as was the case here. And unlike in some other situations, excess cash is there, loan increase not needed.

    Plenty of lawyers out there to ? why the big delay in starting the buyback, hopefully powers that be realize
    The solution is quite direct, done repeatedly in situations like this, and should not in any way, shape, or form be seen as capitulating to unreasonable shareholders' requests.
    Time to enjoy the weekend.
    Gltlongs

    Sentiment: Strong Buy

  • Reply to

    Special Committee

    by tujac Jul 21, 2015 1:22 PM
    royco royco Jul 24, 2015 1:53 PM Flag

    "..Do we know for a fact that Baupost has contacted management? If they haven't they should though."

    No factual knowledge of Baupost contact, but believe Klarman/Baupost HFs are antithesis of Icahn's public approach. Kind of shocked if there was no contact, esp.in view of SEC reference in filing.

    New pre-CC increased buyback is doable and necessary, today is again on sale, it is a BoD and execs duty to adjust as market conditions warrant. [8150 BoD div was close to 5%?]

    To skimp on a buyback at these prices, help restore confidence, after IMOS dividend well below 1%, even with the latest price drop, is working with blinders imo.

    Sentiment: Strong Buy

  • Reply to

    Special Committee

    by tujac Jul 21, 2015 1:22 PM
    royco royco Jul 24, 2015 10:51 AM Flag

    bamajoe,
    Well said by you and all knowledgeable investors in this company.
    The indefensible buyback timeframe has not and will not go unnoticed, even without focusing on the repeated cheap dividend being nothing short of a slap in the face. Cash in reserve is one thing, but receiving Thailin's $30mm was gravy on top of a substantial pile of cash that had already accumulating.

    Be nice to be a fly on the wall at Baupost's or Soros' conferencing on this latest management-caused beat-down.

    Activists could have a field day, but this can be legitimately rectified by management's good faith adjusting to recent announcements. See how it plays out. Enough said.
    Gltlongs

    Sentiment: Strong Buy

  • Reply to

    I Was Buying in the Last Hour

    by dpw63261 Jul 21, 2015 9:07 PM
    royco royco Jul 23, 2015 3:07 PM Flag

    Sean,
    Just went back on line, better that zack's had kept this at # five . Talk about receding in 5 hours, with nothing changing but overall market drop, and MU takes the lead.

    Sentiment: Strong Buy

  • Reply to

    I Was Buying in the Last Hour

    by dpw63261 Jul 21, 2015 9:07 PM
    royco royco Jul 23, 2015 11:09 AM Flag

    Sean,
    Hang tough, your 5K sale just faked out the Market gods, they didn't realize you had plenty left;
    and ditto re: Baupost. I'm looking for them to exert, maybe not like Icahn, but 11% should move management's needle, as they probably got in at or around yesterday and today's levels.

    Sentiment: Strong Buy

  • Reply to

    Money in Bermuda

    by stechsjj Jul 22, 2015 10:09 AM
    royco royco Jul 22, 2015 11:13 AM Flag

    bob0472,
    Congrats as well, Awarded the "cohones" trophy I just referenced.
    Some here may actually be on the right side of this waterfall since last Tuesday.
    Gltlongs

    Sentiment: Strong Buy

  • Reply to

    Money in Bermuda

    by stechsjj Jul 22, 2015 10:09 AM
    royco royco Jul 22, 2015 11:09 AM Flag

    Turt,
    Congrats, Awarded the "cohones" trophy I just referenced.
    Reminds people that there are buyers of a stock selling at $10 plus cash, on earnings of over a buck fifty.
    Gltlongs

    Sentiment: Strong Buy

  • Reply to

    8150 crashed?

    by ecoli00001 Jul 21, 2015 10:25 PM
    royco royco Jul 22, 2015 11:02 AM Flag

    buy,
    Voice of reason in a cloud of panicky selling.

    I assume others saw that AMKR announced an additional $60MM capex for their Shanghai plant,
    ostensibly to meet Chinese demand. Recall Imos is fine with plant capacity and capex stable.
    So CC is always important, but indications of a big slowdown are unsubstantiated in the co.'s Osat space.
    People watching day by day, hour by hour price drop in a week might want to look at fundamentals, but others just choose to wait out
    I will not be a cheerleader for mngmt.'s wishy-washy arrogance in driving the most recent uncertainty, and they, like any co. can be distrusted to the hilt, but $7/share of cash plus average earnings, revs, and margin expectation through 3rd and 4th quarters seems decent reason to ride this out (even add with some cohones).

    To bama: "investors" mistrust or "traders" who cannot stomach their play in the last 6 months to a year and are running for the hills since last Tuesday. Good luck to them, don't trip in the woods on the way out.

    Sentiment: Strong Buy

  • royco royco Jul 21, 2015 8:28 AM Flag

    coco,
    Thumbs up, voice of reason during Mngmt. causing this takedown.
    plenty of the Ben Franklin, biting the lip, hanging together gang not bailing,
    just somewhat ticked off due to cheap dividend, even with buyback and more cash accumulating.

    Sentiment: Strong Buy

  • Reply to

    Ground hog day-again

    by sean777007 Jul 9, 2015 3:40 PM
    royco royco Jul 19, 2015 1:24 PM Flag

    Add, correct "like bees to honey"

  • Reply to

    Ground hog day-again

    by sean777007 Jul 9, 2015 3:40 PM
    royco royco Jul 18, 2015 6:40 PM Flag

    Sean,
    1st off, recent Yahoo posts disappeared, but I've been in full agreement on Dutch Auction, which, for those who may not be up to par, "Dutch auction share repurchases.. Allows firms an alternative to fixed price tender offer when executing a tender offer share repurchase. A Dutch auction offer specifies a price range within which the shares will ultimately be purchased. Shareholders are invited to tender their stock at any price within the stated range. The firm compiles responses, creating a supply curve for the stock. The purchase price is the lowest price that allows the firm to buy the number of shares sought in the offer, and pays that price to all investors who tendered at or below that price..." with some other stuff based on conditions if the price gets to a certain number.

    Anyway, ChipMos' recent price dive seems like a nice entry for even a short term, i.e., weeks/few months play for any interested, though recent postings about extra 30 days on the buyback just irritates more, but here's a point of order, just on the philosophical side, understanding I respect the hell out of your input.

    I can count on two hands times I watched any blabbering #$%$ on business channels in the last year; gave up on differing buy from hold. Many studies have shown investors are far more reluctant to sell stocks on the downslide (while selling ones which have gone up); they hold and but are reluctant to buy.
    Now as a pure amateur I firmly believe reasons known and posted here by many that ChipMos is presently undervalued. I got out of Micron in 30's, back in 7 months later a little too soon, in mid 20's. But I added and met with a friend last Sunday, confirming I added more in the high $17's, saying "liked it at 20, liked it more at $17.60. Maybe crazy, but then China rumoured buy-out surfaces, Micron overtakes Chippy, closing over $20. I see Imos buy here as decent risk; "holders" could unload and buy back cheaper if they see it dropping lots. good luck.

    Sentiment: Strong Buy

  • Reply to

    Anyone a buyer???

    by kapy15 Jul 15, 2015 12:59 PM
    royco royco Jul 16, 2015 7:43 AM Flag

    johnboywalton,
    Thanks. My reference to China re:IMOS, apparently not as clear as required, went more to the execs' CC statements to business prospects, not a buy-out ala Micron.
    When it comes to Chinese government intrusions on business operations or stock market bolstering, the words "free market limits" don't usually apply. Maybe SJ , SK can for once give a specific update after 3 months of the previous tease on that business venture. But their repeated .69% dividend dec, AFTER THE THAILIN CASH INFUSION, was cheap even with the buybacks coming, and someone should let them know it on the record at the CC.
    To Davegras, congrats on your moves and humble sense of humor. Fwiw this may be another entry point for anyone looking even for a short term trade, or through the next quarter plus. But these guys seem to complicate way more than necessary, unlike the operations which still seem solid when you look at customers like Novatek et al.
    Also looks like Intel will open higher after its CC last night. Need a little optimism in chips wherever you can find it.

    Sentiment: Strong Buy

  • Reply to

    Anyone a buyer???

    by kapy15 Jul 15, 2015 12:59 PM
    royco royco Jul 15, 2015 2:18 PM Flag

    kapy15
    Obviously cannot speak for others, but many do not add because of the high %age of portfolio already
    in Imos. $20 a share still has some nice upside imo, but a more equitable announcement to
    Imos shareholders, i.e., much bigger, much sooner dividend and buyback might have killed $20 from even coming back

    Can say thank you and sorry to all those buyers of $25 July 17th calls that will expire worthless.
    I would have been very pleased and yesterday morning saw a glimmer of hope those buyers might, though unlikely, make some money if it closed on Friday over $25.40, but "...that was just a dream, just a dream...". Cheap, 3-month away dividend did not help. Still have a bunch of Aug. 21 $25 and $30 calls out there.

    In the much bigger picture under MU, just read very good article ..."China Bid for Chip Giant (Micron) Signals Lofty Ambition", and urge many to pull it up, either through their broker's news alerts, or WSJ online; It cannot be pasted but can be the real key for a certain Osat provider tied into Micron, as China signals getting into manufacturing (even with a non-starter offer on MU), and our execs teaser about the "China" dealings.
    Too bad these same execs still get away with borderline laughing in our face with a pittance of a dividend and too slow, as usual, approach on buy back and structure collapse. Long termers should still fare well, when this collapse structure comes to fruition. Each must deal with their own frustrated risk tolerance.

    Sentiment: Strong Buy

  • Reply to

    Ground hog day-again

    by sean777007 Jul 9, 2015 3:40 PM
    royco royco Jul 14, 2015 7:21 AM Flag

    Sean,
    Cheap dividend, not until October, relatively low buyback of $25MM, but something, and Special Committee to review the collapsing; such expeditious action. Then there's Chinese lowball on Micron.
    Samsung or Intel or somebody similar should buy out MU for $35-$40, and throw in a Billion Dollars for Imos, about $35/share. Where is Baupost et al?

    Sentiment: Strong Buy

  • Reply to

    TWSE Closed

    by buy_buy_buy_123 Jul 9, 2015 10:01 PM
    royco royco Jul 9, 2015 10:20 PM Flag

    buy,
    Thanks. Saw that 8150 was not trading and I would've liked to have seen its action before the June revenue release. Just in the small chance that some inkling was felt by "astute" investors at the TWSE.
    P.S. Did not get any reply to my inquiring email from either of Sean's favorite executives. Where is the PR, if not simple courtesy and common sense? Show us the money.
    GLTLONGS yet again

    Sentiment: Strong Buy

  • Reply to

    June Revenue

    by jamcracker25 Jul 9, 2015 12:00 PM
    royco royco Jul 9, 2015 1:22 PM Flag

    and Himax got another positive upgrade earlier this week from Chardan.
    I'll take flat in a New York minute, with steady 2nd half guidance.

    Sentiment: Strong Buy

PFE
35.35+1.01(+2.94%)Jul 28 4:00 PMEDT