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Gunther Karger  

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  • Ceragon Hidden Gold At A Bargain Stock Price [View article]
    The $43 million ASIA Pacific upgrade following the recent $13 million South America contracts shows traction for Ceragon's new product line and, if the margins improve as predicted leading tp a positive cash flow status in the 2nd qtr release soon expected, the stock should continue rebounding as investors see confirmation that lows have been seen, the company turn around strategy is gaining traction. This all confirms the report I issued in February.
    Jul 14, 2015. 04:39 PM | Likes Like |Link to Comment
  • Aviat Networks Is A Turnaround Candidate [View article]
    Having followed this company and its predecessors for years, I have witnessed one restructuring after another while management has exacted outsized compensation regardless of performance. The product development and need to restructure have followed industry trends instead of leading thus always having been beyond the growth curve. It is true that for the first time, the board is controlled by new people. However, the CEO remains the same. Another problem remains is the yet to be resolved accounting problem which may not have been yet resolved. I hope this time, things work out. But so long as the current CEO remains in place, I remain on sidelines.
    Jun 30, 2015. 01:39 PM | Likes Like |Link to Comment
  • Ceragaon +8.6% on deal with African carrier [View news story]
    This adds credibility to Ceragon's going forward strategic plan remaining focused on stable customers offering the new low cost better margin products.
    Jun 29, 2015. 10:26 AM | Likes Like |Link to Comment
  • Gilat Satellite Networks - Undiscovered Investment In Satellite Communications [View article]
    Gilat and global satellite operator Inmarsat announced a joint program where Inmarsat's new GlobalXpress satellites will deliver broadband internet using Gilat's new SkyEdge satelite based broadband system. This allows internet service to be delivered via any VSAT globally especially significant to under served and unserved areas and private enterprise networks. There also was a news story in Peru recently that the Peruvian government approved the financing of the recently awarded $285 million country wide broadband systems (to Gilat) expanced to $345 million. Check the Gilat website for complete updates on news and offerings. http://www.gilat.com
    Jun 3, 2015. 02:24 AM | Likes Like |Link to Comment
  • Gilat Satellite Networks - Undiscovered Investment In Satellite Communications [View article]
    Today's 1st qtr results although flat to somewhat negative reflect the transition to the new management led by Dov Baharav, Interim CEO and chairman who personally bought a 2% stake in GILT @ 4.95 along with FIMI Private Equity fund which bought about 5 million shares also at $4.95 last fall from York Capital. So now, Gilat is led by a CEO who actually paid his own money along with a fund with controlling board representation just at the time when the company is starting to book large new businesses one being the $285 million infrastructure project in South America. The 1st qtr revenue of $45 million reflecting an annual runrate of $180 million should be viewed in context of the projected $260 million for the full year which is equivalent to $65 million per qtr.
    The business today also is dramatically more diversified via its markets which includes satellite mobility systems including defense, commercial passenger airplane internet access, cellular backhaul via satellite all over the globe. Investors should be also aware that this stock can be very volatile given the very high institutional holdings and therefore a low float in shares.
    May 20, 2015. 02:05 PM | Likes Like |Link to Comment
  • Gilat Satellite Networks - Undiscovered Investment In Satellite Communications [View article]
    Gilat has been "dead" for years since the tech bust in 2000 which is 15 years ago although it has risen somewhat recently from its lows on the $285 million contract.
    However, 42 million shares is not high and the float is very low given the 70% institutional. While Gilat may have been dscovered by a couple of major institutions, my report targets the general individual investor community. Finally, the company today is a different company with its founders gone.
    Apr 21, 2015. 12:27 PM | Likes Like |Link to Comment
  • Is AMD Falling Into The Abyss? [View article]
    Over the years, corporate rescue has seldom suceeded with technologists in charge. What's needed at AMD is a business minded person with some tech knowledge but primarily focused on restructuring and corporate survival. A highly skilled technologist with a Phd in electrical engineering is likely not the person who will rescue AMD.
    Apr 21, 2015. 10:20 AM | 2 Likes Like |Link to Comment
  • AMD Versus Intel: Here's Why David Won't Slay Goliath In 2015 [View article]
    What AMD needs now more than a technical expert such as Dr. Lisa Su with a Phd in electrical engineering is a person with experience in business turnarounds.
    Apr 20, 2015. 01:40 PM | 3 Likes Like |Link to Comment
  • AMD Hit Hard By PC Market Weakness [View article]
    While it is important to have good understanding of technology, it is better that the top person of a struggling company has an excellent business acumen. Top technical expertise is the responsibioity of the chief technology officer while the CEO is responsible for making sure the CTO has the resources to provide technical excellence.
    Apr 19, 2015. 05:00 PM | 1 Like Like |Link to Comment
  • AMD Hit Hard By PC Market Weakness [View article]
    To save AMD, the company needs a "business" CEO more than a PhD in electrical Engineering(Dr. Lisa Su). Rarely will people of excellence in science be also excellent in business. AMD's communicaitons attest to this problem. they have excessive technical jargon which few people really understand and worst of all, analysts mimic the terms and often get them confused. AMD's communications too often miss the fundamental point and that is the world continues to accelerate toeqard systems integratiion moving away from discrete "black boxes" and therefore, micro chips become more and more embedded within the systems rather as part of a "black box" . As such, what is the future for a stand alone chip company such as AMD?
    Apr 19, 2015. 06:35 AM | 6 Likes Like |Link to Comment
  • Ceragon Hidden Gold At A Bargain Stock Price [View article]
    The financial report for Q4 and year was basically inline with our expectations. The cleanout of tghe balance sheet including writedowns of inventory, goodwill and Venezuela's assets was a positive step to start the new year (2015) on a fresh basis going forward. The breach of a lending covenant triggered by the goodwill writedown although not a good thing was nevertheless not a suprise as the equity had fallen not only from writediowns but the stock price itself. However, given the revenue base neafr $100.qtr and the perospect of positive cash flow by Q2, I am confident this will be taken care of in the short term. I look for significant announcements of new business through the Barcelons convention next week.
    Feb 24, 2015. 09:57 AM | Likes Like |Link to Comment
  • Update: Lucara Diamond Earnings And A Special Dividend [View article]
    Hi Benisha,
    To your question on risk of stock going below @1.00 again which I believe is very low. When the stock finally rose above and held on high volume, it came out of its black hole with people coming back into the stock believing they have seen its low and now see "daylight" instead of a "bottomless black hole". A second factor is that as the stock saw the trend reversal above $1.00, people stopped selling out of fear of delisting as now, there is low concern about noncompliance (stock below $1.00). Third factor is that the stock now appears to react to positive news unlike when it was in a downtrend and especially below $1.00, few were buying regardless of good news. Now, we wait for the qtr financial release Feb 24 and confirmation of corporate financial improved trend.
    GK
    Feb 19, 2015. 01:52 PM | Likes Like |Link to Comment
  • Ceragon Hidden Gold At A Bargain Stock Price [View article]
    Stocks over recent years have increased their movements more toward expectations than trailing results. Moreover, we face threshold drivers in CRNT those being $2 and $3 representing margin equity reserve creation and sudden buying power as well as threshold index fund buying as the stock crosses market cap thresholds set by those funds and portfolio managers. I believe these factors added to the expectation of improved efforts by company to get better visibility will be more significant than trailing performance improvement, so long as revenues ramp up crossing the profitability threshold when promised in Q2. I didn't set a time limit to reach $4 but believe a two year horizon is feasible so long as there aren't major negative hickups along the way.
    Feb 18, 2015. 05:08 PM | 1 Like Like |Link to Comment
  • AMD: Why A Buyout Doesn't Really Make Sense [View article]
    This is mostly jibberish.
    AMD appears to have "washed out" in the mid 2's, spiked to $3.30 and retrenched to the $3.00 level where it appears to be holding for the next move in the reversal. $3 is an important threshold because there it regained margin equity value.
    Feb 9, 2015. 06:28 PM | 3 Likes Like |Link to Comment
  • Ceragon Networks - Microwave Backhaul Provider Faces Limits On Growth [View article]
    I believe there is continuing exponential bahdwidth requritements growth focused miore on developing areas including under served areas in developed nations. However, this tempered by technological advances offering increased 'traffic" per spectrum allocated and channel bandwidth. I believe the sector has just gone through another major upgrade renddering legacy systems obsolete which is a principal reason for the sector consolidation and lack of profitability. I also see the remaining viable companies which have completed its tech upgrade and have sufficiently strong balance sheets poised for a cycle seeing revenue growth with positive cash fliows. The recognition of this may be delayed by a confluence of timing re end of year tax selling, end of month/year managed fund window dressing and some continued short "plays". A major factor is the loss of marginability pof the sector making the buying and holding of these securities more costly and in some inctances impractical all of which adds to selling pressures and reduced buying ability.
    Just a comment.
    Nov 27, 2014. 09:06 AM | 1 Like Like |Link to Comment
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