Universal Display Corp. Message Board

both

Sentiment: Strong Buy

according to IB, there are 750k shares still avail to short... be our guest.. step up and take your best shot. OR SHUT UP.

Sentiment: Strong Buy

it is a huge deal.. having an IRO who was a former analyst who has followed panl basically forever means the IRO knows panl, knows the industry, knows the other analysts, knows how analysts work and how IR works as well. Its a very very big deal. PS. IRO of ANY company don't help with technology or revenue ...its not their effin job. Their job is indeed to communicate to investors... hence the title.. PS. If you're right all the time and so smart why would you ask such a stupid question.

Sentiment: Strong Buy

If everyone looks a bit more carefully at insider trades recently a set of stock options were not cashed out using a typical approach whereby a person calls the stock at a low price, sells it at a high price and uses the proceeds to pay for the stock at the lower prices (otherwise known as a "cashless" exercise; instead these recent trades were bought at the lower strike price and HELD. This means the insider had to cough up the money himself and hopes to later sell the stock at a higher price. This is the kind of insider buy signal that Vickers and so forth typically look for and then rate the insider on his timing skills. Its been awhile since we've seen insiders step up like that in a big way.

Sentiment: Strong Buy

and now you can look forward to her being UDC's investor relations rep...

Sentiment: Strong Buy

wow that is interesting ... for years she was the first analyst who got to ask questions at their CC.

Sentiment: Strong Buy

lcd...if China starts using amoled... If they ever do use amoled I will be amazed if they agree to pay for the IP instead of steal it.

Sentiment: Strong Buy

perhaps you can ask UDC for a history lesson on why they choose to spend 15 years developing oled when they hold the first patent on qd displays. Regardless I see UDC making crazy amounts of money on oled while QD tech firms have nothing anytime soon leaving UDC in position to acquire QD tech if they see fit to do so in the future with free cash flow from the oled technology diffusion curve that is years ahead of qd in mass production. Sony's volume is pathetic compared to the overall volume for oled already existent and coming online. You may ask Sony if JDI had their oled manufacturing ready whether Sony would use it instead of QD...frankly I think SMD and LG are blocking Sony out from their OLED suppy and Sony just can't hack mass producing oled... yes they have oled monitors...but I've never been impressed at their skill at mass producing oled.

Sentiment: Strong Buy

glad you noticed their inability to mass produce a new technology and market it... good luck with them introducing yours. If ability to develop oled as a standard on their own is any indication, then you have a great future in qd to look forward to...or you could learn from UDC and move along to finding a more reliable horse to hitch to...nothing like being the next betamax, md player, or blue ray technology standard...

Sentiment: Strong Buy

its 10% under section 12 as well as section 16 of the SEA of 1934... maybe you should bother to read your sources before citing them. Oh I forgot you're "always right"... no need to prove it...

Sentiment: Strong Buy

3 years and 1 month... but do you really want to hang your hat on Sony's ability to lead the industry in a new technology?
How the Tech Parade Passed Sony By
By HIROKO TABUCHI
Published: April 14, 2012
No one was terribly surprised last week when Sony announced that its losses this year would be worse than it had expected. Sony, after all, hasn’t turned a profit since 2008. It now expects to lose $6.4 billion this year. The reason is plain: Sony hasn’t had a hit product in years.

The verdict of the stock market has been swift and brutal. Sony’s share price closed at 1,444 yen ($17.83) on Friday, a quarter of its value a decade ago and roughly where it stood in the mid-1980s, when the Walkman ruled. Sony’s market value is now one-ninth that of Samsung Electronics, and just one-thirtieth of Apple’s.

Even in Japan, where many consumers remain loyal to the brand, some people seem to be giving up on the company.

“It’s almost game over at Sony,” said Yoshiaki Sakito, a former Sony executive who has worked for Walt Disney, Bain & Company, Apple and a start-up focused on innovation training. “I don’t see how Sony’s going to bounce back now.”
"Sony’s gravest mistake was that it failed to ride some of the biggest waves of technological innovation in recent decades: digitalization, a shift toward software and the importance of the Internet.

One by one, every sphere where the company competed — from hardware to software to communications to content — was turned topsy-turvy by disruptive new technology and unforeseen rivals. And these changes only highlighted the conflicts and divisions within Sony."
...google the rest...
bottom line: I wouldn't get all excited about placing bets on riding Sony's horse...Sony is so wounded Daniel Loeb thinks the horse should be put down(broken up).

Sentiment: Strong Buy

They can only make money both ways if they were long and short panl which they are not... they are only long panl and VERY long panl. While they are capable of going short stocks as a hedge fund it doesn't mean they actively decide to do so. What I've seen more of is that they use their hedging to buy protection in the form of puts or swap long stock for call options to lower their risk after a large run up in stock prices... like they did with Apple. They don't strike me as an actively long/short hedge fund as much as very aggressive stock analysts taking big early positions in long term strategies with the patience to see them pay off. They also haven't been actively trading in and out of panl but rather buying on the dips. I haven't seen ANY evidence of selling on the rallies. They are in it for as long as their thesis/analysis holds.

Sentiment: Strong Buy

more on tiger from the wiki "Tiger Management" "Aftermath and legacy[edit]
Julian Robertson, a stockbroker and former United States Navy officer, started Tiger Management in 1980 with $8 million in capital. By 1996, the fund’s assets had increased to $7.2 billion in value.[1]
With $10.5 billion of assets under management in 1997, it was the second largest hedge fund in the world at the time.[3] Its holdings climbed to $22 billion in 1998."
[its worth googling the history of its downfall as well but that is another story...]

"After closing his Tiger Fund in 2000, Robertson started to use his own capital, experience, and infrastructure to support and finance ("seed") upcoming hedge fund managers. As of September 2009, Robertson has helped launching 38 hedge funds ("Tiger Seeds") in return for a stake in their fund management companies. Apart from those Tiger Seeds, a considerable number of analysts and managers Robertson employed and mentored at Tiger Management went out on their own and are now running some of the best-known hedge fund firms, called "Tiger Cubs",[6] run by Tiger alumni such as Chris Shumway, Lee Ainslie, Stephen Mandel, John Griffin, David Gerstenhaber,[7] David Goel,[8] and Paul Touradji.
"The modern-day emergence of hedge funds can be attributed to a 1986 article in the Institutional Investor highlighting the extraordinary returns of the Tiger Fund. The article spurred investor interest and financing; since that time, hedge funds have increasingly attracted investment and human capital."[9]"

[RC@DC is one of those 38 Tiger Management Seeds]

Sentiment: Strong Buy

not sure but its 10 percent anyway. see wiki on insider trading "In the United States and several other jurisdictions, trading conducted by corporate officers, key employees, directors, or significant shareholders (in the US, defined as beneficial owners of 10% or more of the firm's equity securities) must be reported to the regulator or publicly disclosed, usually within a few business days of the trade. "

Sentiment: Strong Buy

Rob Citrone’s Discovery Capital Management is one of the Tiger Cub hedge funds. Rob Citrone once worked as a portfolio manager at Fidelity Investments and Tiger Management before founding Discovery Capital. Based in Connecticut, Discovery Capital focuses on liquidity, valuation multiples, past and potential growth in picking stocks and has a focus on technology, services, basic materials and financial sectors.
Recently he appears to have swapped out his position in Apple for Google. His funds had made a killing in Apple being earlier investors. UDC is in the top 10 holdings of the 7.5 billion hedge fund.

Bottom line is these guys cut their teeth in one of the most value, deep analysis stock picking hedge funds in history (Tiger Management) and continue to do their homework. No doubt one of the first folks UDC talks to after a earnings release is DCM. If DCM were unhappy with UDC they would have either sold their position or started making waves at an earnings conference call or shareholder meeting. Instead we see RC@DC consistently increasing their position in panl on nearly every dip.

Sentiment: Strong Buy

If you own over 10% of a company you become an insider. DGOMF is a hedge fund run by a manager with previous experience at Tiger Management( a famous former hedge fund group) and Fidelity. Please wiki hedge funds. I will say that hedge funds can take much longer views of the market if they choose to do so (many take much much shorter views -High frequency trading) and not as embolden to quarterly windows dressing as open end mutual fund managers are apt. They can also use leverage and the managers can make 20% of profits instead of sharing a measly 2% or less of the net asset value. Of course the reason for the name hedge is they could short stocks or engage in hedging option strategies that were limited to open end mutual funds per the investment protection acts of 1940.

Sentiment: Strong Buy

a one page website...that inspires confidence.

Sentiment: Strong Buy

"Apple infringed upon a patent owned by South Korea's Samsung Electronics in making some iPhone and iPad models, the U.S. International Trade Commission said in a final decision issued on Tuesday.

The panel issued a limited exclusion order and a cease-and-desist order for AT&T models of the iPhone 4, iPhone 3GS, iPad 3G and iPad 2 3G.

All exclusion orders are sent to President Barack Obama, who has 60 days to review them. If he does not veto the order, it goes into effect."
Source Reuters
turn around is #$%$ but then again Apple resumed buying lcd's from SMD so are they actually trying to tie the wedding knot again and stand down? Tim Cook is on record saying he didn't want to sue SMD... does he turn off the nuclear war switch and make peace now?

Sentiment: Strong Buy

you nailed it. Thanks Andy.

Sentiment: Strong Buy

My only grief with that statement is CFA's use of "industry" in determining the right multiple for PANL irrespective of UDC's growth rates past or future. UDC's multiple should not be based on some age old chemical company's stodgy growth rates. UDC's patent portfolio should grant it an industry to itself... I laugh when I see CFA's say UDC's stock should trade at a particular "industry" multiple.

Sentiment: Strong Buy