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  • InvenSense And The 10-Percenters
     • Wed, Oct. 22 INVN 37 Comments

    Summary

    • An increase in 10 percent customers allows for more accurate forecasting of coming INVN earnings.
    • Data and one interesting point from Apple's report last night are incorporated into new calculations.
    • Other 10-percent customers and longer-term factors are discussed.
  • Update: Advanced Cell Technology Interim Results And Shelf Offerings
    Wed, Oct. 15 ACTC 209 Comments

    Summary

    • ACTC has published interim results.
    • The company has also filed TWO shelf offerings.
    • This represents step 4 of my 7 step process for the company.
    • Future steps and prospects are discussed.
  • 3 Signs That Apple's Next Breakout May Be Its Last
    Fri, Oct. 10 AAPL 253 Comments

    Summary

    • Apple is set to reach new highs with iPhone success.
    • However, 3 recent news items lead me to believe that a new breakout would be coming for all the wrong reasons.
    • Upcoming earnings, recent failures, and historical correlations are also discussed.
  • InvenSense, GT Advanced, And The Importance Of The Balance Sheet
    Tue, Oct. 7 INVN 58 Comments

    Summary

    • Any investment decision should include balance sheet analysis.
    • The impact of InvenSense acquisitions is revisited in light of just released information.
    • The balance sheets for all other stocks on which I currently have a bullish stance are also compared.
  • Universal Display Corp.: Moving Towards The Light And Reaching For Blue Sky
    Thu, Sep. 25 OLED 39 Comments

    Summary

    • Two separate announcements each positively impact UDC's growth prospects.
    • The first updates the near-term outlook for lighting, while the second is a long-awaited tech breakthrough.
    • Valuation is discussed and an updated price target provided.
  • InvenSense: More On The iPhone Teardowns
    Tue, Sep. 23 INVN 104 Comments

    Summary

    • A second tear-down and analyst actions have complicated matters.
    • While my recent warnings have been validated, I think the reasons for concern have now passed.
    • Additional explanation of my prior calculations is also given.
  • InvenSense And The iPhone Tear-Downs
       • Mon, Sep. 22 INVN 53 Comments

    Summary

    • InvenSense has won a slot in both new iPhones.
    • This validates my long-standing claim that InvenSense would get an Apple design win only when the latter company introduced a wearable.
    • The financial impact of the win is estimated, and risk factors are discussed.
  • Universal Display, Apple And The Future Of Displays
       • Sat, Sep. 20 OLED 38 Comments

    Summary

    • This morning's news, including iPhone tear-downs, makes it clear that Apple, and the display industry at large, is at the beginning of a transition to AMOLED screens.
    • Universal Display is the primary beneficiary of this trend.
    • The next big AMOLED producer and impact on other stocks as the industry develops are also discussed.
  • Advanced Cell Technology Annual Meeting Announcement: A Harbinger Of...?
    Fri, Sep. 12 ACTC 230 Comments

    Summary

    • Advanced Cell Technology has scheduled its Annual Meeting.
    • The company intends to change its name to Ocata Therapeutics.
    • The proposed increase in authorized shares is a harbinger of things to come.
  • Update: InvenSense And New Apple Products
    Tue, Sep. 9 INVN 61 Comments

    Summary

    • Apple has announced new products which are anticipated to use InvenSense parts.
    • Details of the announcement give us clues as to which spots InvenSense has won.
    • The new Apple Watch is the most important announcement and it contains some features whose impact will be at least as important as the hardware.
    • The introduction of the watch confirms at least one of my long-standing predictions regarding InvenSense gaining Apple as a customer.
  • Update: GFIG Group Competing Offer
    Tue, Sep. 9 GFIG 2 Comments

    Summary

    • BGC Partners has made a new offer to buy GFI Group.
    • The terms validate my assertion the proposed CME transaction severely undervalued GFIG shares.
    • Additional details released in the announcement also validate my opinion of GFI management's role.
    • Next steps and suggestions for appropriately compensating common shareholders are discussed.
  • Update: InvenSense And Apple Sneak Peek
    Wed, Sep. 3 INVN 57 Comments

    Summary

    • A sneak peek at the iPhone 6 has implications for InvenSense.
    • The latest reports could mean I'm wrong about a long-time prediction regarding a design win with Apple.
    • However, recent insider sales give additional evidence that I'm right where it counts.
  • Update: Advanced Cell Technology Reverse Split
    Thu, Aug. 28 ACTC 169 Comments

    Summary

    • Advanced Cell Technology has completed a reverse split.
    • This is one of the 7 steps which I previously outlined for restoring shareholder value and trust.
    • While not fundamentally significant on its own, this event is a harbinger of good things to come.
  • Update: ExOne Earnings
    Thu, Aug. 14 XONE 8 Comments

    Summary

    • ExOne has announced 2Q14 earnings.
    • The conference call shows both opportunity and missteps in the company's recent development.
    • The timing of opportunity from my initial coverage was wrong, as I warned before most damage was done, but the long-term bull case has not been skewered yet.
  • Update: Advanced Cell Technology Conference Call
    Tue, Aug. 12 ACTC 71 Comments

    Summary

    • Advanced Cell Technology held a corporate update conference call last night.
    • Three new pieces of information were presented.
    • All information in the call affirms the process I outlined for rebuilding shareholder value and trust.
  • Update: Universal Display Corp. Earnings
    Mon, Aug. 11 OLED 28 Comments

    Summary

    • Universal Display reported 2Q14 earnings.
    • While my industry checks were very accurate on material volumes, that prediction wound up being useless due to unexpected pricing pressure.
    • Non-headline numbers from the report are the most important data points for predicting the pace of continued growth.
  • Update: Energy Recovery Earnings
    Thu, Aug. 7 ERII 68 Comments

    Summary

    • Energy Recovery has just released its 2Q14 earnings report, which missed estimates, but still represents improvement.
    • Shares have realized the 30% decline I warned about in my last article.
    • New catalysts are scheduled for the coming days and months.
  • How To Value Advanced Cell Technology As A Phase II Company
    Thu, Aug. 7 ACTC 66 Comments

    Summary

    • ACT's new management is taking right steps to rebuild shareholder value and trust, but success is far from assured.
    • A broad method for quantifying share price in the event of a successful transition to Phase II is discussed.
    • The actual inputs to these calculations will depend almost entirely on the details presented in the publication of the company's Phase I results.
    • ACT has just scheduled a conference call for Monday in order to provide a "corporate update".
  • Universal Display Corp. In The Short And Long Terms
       • Wed, Aug. 6 OLED 17 Comments

    Summary

    • Summary of recent events.
    • Earnings predictions and points to look for in Thursday's report.
    • Longer-term growth factors.
  • Update: GFI Group Acquisition
    Wed, Jul. 30 GFIG 6 Comments

    Summary

    • GFI Group is selling its software businesses to CME Group.
    • The transaction validates one of the predictions from my October Pro article, and represents a 49% annualized return from that point.
    • However, the deal effectively takes GFI's SEF private and likely denies its current shareholders much greater long-term value.
    • There is already evidence that the terms of the deal may need to improve for GFIG shareholders.
  • Update: InvenSense Earnings
    Tue, Jul. 29 INVN 44 Comments

    Summary

    • InvenSense has reported mixed Q1 '15 earnings.
    • As predicted in my preview article, Apple clearly did not emerge as a current customer but continues to be anticipated.
    • The impact of acquisitions is yet to be fully recognized, and further disappointment for the coming quarter remains a distinct possibility.
  • Update: Tesla Gigafactory Financing And Earnings
    Mon, Jul. 28 TSLA 217 Comments

    Summary

    • Nikkei has reported initial and eventual Panasonic investments in Tesla's Gigafactory.
    • This additional investment by Panasonic in Tesla helps to confirm the long-term plan and valuation I laid out when covering Tesla's convertible bond sale.
    • An announcement in the upcoming earnings report would be right in line with the originally projected time-line.
    • Other recent news gives investors reason to focus on such progress in the long-term plan rather than this quarter's numbers.
  • Is InvenSense About To Register Another Jolt?
    Mon, Jul. 28 INVN 33 Comments

    Summary

    • InvenSense reports earnings on Tuesday.
    • Recent events have produced an unsustainable slingshot effect in INVN share price.
    • Although InvenSense will get an Apple design win, new evidence indicates that investors may have to wait yet another quarter for proof.
    • Methodology for current and after-earnings valuation.
  • The Broader Effects Of Imminent Sales Tax Reform
    Thu, Jul. 24 BBY, EBAY, FLWS 4 Comments

    Summary

    • The latest research shows unequivocally that sales tax avoidance has been a competitive advantage to e-tailers.
    • Sales tax reform is coming, with a major step forward possible in a matter of days.
    • The effects of sales tax reform fall into 3 major categories.
  • Amazon's Most Important Event Comes The Week After Earnings
    Wed, Jul. 23 AMZN 23 Comments

    Summary

    • There are reasons for near-term optimism when Amazon reports 2Q14 earnings after hours on Thursday.
    • However, a likely move by the Senate and its Majority Leader, Harry Reid, is of far greater long-term importance.
    • This action has the potential to break a long-standing correlation in the price of AMZN shares.
  • Update: InvenSense Acquisition
    Tue, Jul. 8 INVN 51 Comments

    Summary

    • InvenSense has purchased two motion processing startups.
    • The acquisitions show how InvenSense is still at the beginning of the transition I predicted, and raises some key figures to look for in the upcoming earnings call.
    • The market action surrounding the announcement also gives some cause for concern.
  • Energy Recovery: The Pressure Builds
    Mon, Jun. 23 ERII 105 Comments

    Summary

    • Although the last quarterly report contained some good news, it was financially disappointing, to say the least.
    • The rebound in share price is completely explained by a temporary short squeeze.
    • The recent poor financial performance may have more insidious causes than mere seasonality, and the long-term prospects for the company could be threatened as well.
    • Consequently, investors should expect a short-term retreat from current highs in the absence any new material announcements.
  • The Big Picture For Universal Display Corp.
       • Fri, May. 9 OLED 54 Comments

    Summary

    • Over the next year it will become clear that AMOLED screens are on a path to replace incumbents.
    • Misunderstanding of recent headlines on long-anticipated developments has depressed shares.
    • Conservative revenue predictions from confirmed production facilities represent 70% upside, with further growth likely.
  • The Next Innovation From InvenSense
    Editors' Pick • Fri, May. 2 INVN 128 Comments

    Summary

    • InvenSense is down sharply due to an EPS miss for a predictably light quarter, yet 2 of the 3 factors that caused the miss are positive.
    • The business prospects in terms of market penetration and prospects have steadily improved, while risk factors have fallen away.
    • The next innovation from the company will change the way we interact with mobile devices.
  • Cisco And Heartbleed, A Class Action Lawsuit In The Making
    Fri, Apr. 11 CSCO 50 Comments

    Summary

    • Heartbleed affects as many as 81 Cisco devices.
    • In many ways, this vulnerability is even more dire for devices than it is for generic servers.
    • There appears to be no easy fix, massive recalls and/or legal action are likely.
  • Advanced Cell Technology On The Doorstep
    Mon, Apr. 7 ACTC 305 Comments

    Summary

    • Management is taking the right steps to rebuild shareholder value.
    • Information from the 10-K and call enable us to generate a sequence of steps and a time frame for them.
    • No "breakthrough status" this year.
    • Platelet program officially shelved.
  • Energy Recovery: Is Silence Golden?
       • Sat, Mar. 8 ERII 50 Comments

    Summary

    • 4 important points from ERII's earnings call.
    • Speculation about the change in communication style.
    • Why management is right not give guidance.
    • Investors still have enough to make decision.