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Ian Bezek  

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  • Actions Semiconductor: A True Chinese Value [View article]
    $3-4 in the near term is a fine return given the margin of safety one gets combined with the low risk-free interest rates available. I agree the stock isn't going higher than $4 anytime soon without some major new revenue streams. $4 is a long way up from $2.45 though.
    Feb 21, 2011. 02:27 PM | Likes Like |Link to Comment
  • Actions Semiconductor: A True Chinese Value [View article]
    ACTS has a much more verifiable-to-outsiders business with less red flags than, say, AOB or XING. ACTS also has a high-quality auditor. That said, always do a little extra diligence when picking Chinese holdings.
    Feb 21, 2011. 02:26 PM | Likes Like |Link to Comment
  • Actions Semiconductor: A True Chinese Value [View article]
    New 52-week high for ACTS today following the 4% pop out over resistance at $2.40. You buy value stocks when they are cheap, not after they have already turned-around and are clearly back into growth mode.
    Feb 17, 2011. 04:05 PM | Likes Like |Link to Comment
  • Actions Semiconductor: A True Chinese Value [View article]
    You know there are regulations about how fast you can buy back your shares, right? Actions has been buying as quickly as they can -- if volume rises, the program can increase, but volume for the stock was almost nothing when the stock traded at 50 cents on the $. Here's the relevant quote from a recent conf. call:

    "We continue to buy back shares, spending approximately $2 million on the share repurchase program during the fourth quarter, compared with $2.1 million in the third quarter. Our repurchase activity remains constrained by trading volume and blackout periods for our 10B-18 program, as well as limited activity in block trading."
    Feb 16, 2011. 11:56 AM | Likes Like |Link to Comment
  • Actions Semiconductor: A True Chinese Value [View article]
    I addressed the declining revenue issue in detail. I presented reasons, such as the new product line, for why it may be reversing. No one was expecting Q1 2011 to be a strong quarter, but as I said, the back half of the year should be improved.

    Please stop with the conspiracy theories. If I wanted to divert people from your beloved YONG, don't you think I'd recommend a stock doing more than 50,000 shares a day of volume?
    Feb 16, 2011. 09:30 AM | 1 Like Like |Link to Comment
  • Actions Semiconductor: A True Chinese Value [View article]
    Absolutely true. I wanted to be as conservative as possible so I didn't include the marketable securities in the cash figure, though they are probably just about as good as cash.

    I also agree that as the risk of fraud is quite low, investors receive a substantial margin of safety along with a decent call option on the portable electronics sub-sector of the semiconductor industry.
    Feb 14, 2011. 10:01 PM | 1 Like Like |Link to Comment
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