bottoms, compare the PPS action after the announcement, microvision hasn't really moved while HIMX has moved approx 13% indicating that the market believes that HIMX will/is the provider. The market's reaction, in and of itself gives some pretty powerful credibility, although circumstantial at this point, that HIMX's best days are just ahead of them.
This sounds like a case for Sherlock Holmes or Agatha Christie's, Hercule Poirot. lol.
I agree that that something just isn't right here. I too would like to see what comes slithering out of the can.
Hopeful, It seems this group doesn't give you any information of what they suspect without completing their shareholder information form which I did not submit to them. After thinking this over, reading more, sleeping on it, and reading Aeishh's comment (thanks Aeishh), I believe these guys are leeches, and best to be avoided.
This just popped up on the screen a few minutes ago. anyone know anything about it?
but who? like Aiish said, 3x Ebitda? The logic completely escapes me for the decline but for the post holiday drop Jakk experienced last year at the same exact time.
The selling continues to be on low volume and doesn't appear to be panic selling IMHO. I gotta say that I don't get it either.
The following is an excerpt from a comment on the recent SA Himax article. Any comments on it?
" They were one of the book runners that offloaded the Innolux shares and were compensated with stock. So there in lies the problem. Investment bank has stock, their analyst pumps the company with over 10 public comments and upgrades (typical pump and dump) and then when they offload their position, they have their analyst start downgrading and bashing the company so they can take a short position. They made millions off this company.
It's unheard of that an analyst will issue more than 3-4 public opinions on a company and here we have this so-called professional writing close to 20 opinions on Himax. He has spread flat out lies about the company and Himax management has not properly addressed the issue. Everyone is entitled to his or her opinion on the markets, but when an analyst clearly misrepresents the market conditions to bash a company and create fear, the SEC should be putting them under the microscope. I encourage every investor to file a complaint with the SEC. "
I agree. Never mind that Jay hasn't paid a visit to Himax in years and doesn't appear to give a whit about what Himax hast to say or what their their actual position is. Jay's analysis amounts to rank speculation without any evidence regarding a possibility of other companies encroaching on GG. I have to wonder if Chardan has a long position in one of Himax's competitors.
Benzinga Article 1/16/2015
Google Inc (NASDAQ: GOOG) suspended consumer sales of its Google Glass until a better-finished and more affordable version is developed. The company also decided to change the team and management behind the project; previously under Google’s X laboratory’s control, the mission has been handed to Tony Fadell, CEO of Google’s Nest home automation division.
In a flash note published on Thursday, Chardan Capital Markets weighed in on this decision. The firm sees this as a potential risk for Himax Technologies, Inc. (NASDAQ: HIMX), provider of the LCoS Microdisplays featured in the first version of the wearable device.
Chardan analyst Jay Srivatsa said the research firm projects “that as a part of the redesign, Google could reconsider all decisions related to displays, semiconductor chips, battery etc.,” and believes that “other LCoS Microdisplay providers such as Omnivision Technologies (OVTI-NR) and Kopin (KOPN-NR) could take this opportunity to present their solutions in an attempt to displace HIMX.”
The report also pointed out a more immediate risk for Himax. As the company has recently “ramped its capacity to support LCoS Microdisplays at its fab in Taiwan,” it may now have to look into some alternatives to fill the fab.
While all of us JAKK shareholders know the potential of this company, I'm afraid that without high profile, earthshaking news or a real shakeup in the senior management ranks to get this heading in the right directiobn, we're destined to sit on this puppy for who knows how long before we see a real return on our investment. Sure would be nice to see a Pre announce of earnings to kick start things.
I'm not sure how much weight Jay himself carries but traders do take any opportunity available to them. The Shuli Ren's pathetic article would almost be humorous if it didn't carry the possibility of affecting real life people.
Good grief, doesn't Barron's have another Himax writer beside Shuli Ren? Jay can always count on her to misrepresent or misinterpret anything Himax says.
They produce a myriad of tech gadgets with an economy of scale that is impossible for anyone to match and nearly bully suppliers into practically giving away their components to them. And I have to ask you to look at their market cap once again, twice the size of Microsoft. The talking heads are all atwitter about appl being the 1st trillion dollar company. Think about it.
At 650 billion in market cap, it reduces any company to an "also ran" that can, and will be crushed at Apple's whim. Gopro is a case in point. It's overdue to Apple to be broken up due to its monopolistic presence with instant life and death power over other companies.