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UniPixel (UNXL -7.9%) fell hard again today in the absence of major news. Though shares are...

UniPixel (UNXL -7.9%) fell hard again today in the absence of major news. Though shares are still up 42% YTD and over 3x from a year ago, they're now down 53% from their April 17 high. Yesterday, Feltl's Jeffrey Schreiner reported rival metal mesh touch sensor developer Atmel (ATML) sees Fujifilm as a "much more significant competitor" than UniPixel. Atmel management told Schreiner the company expects to qualify its Colorado facility for XSense production by the end of May, but that delays have led it to put orders from tier 2/3 clients on hold. Cowen argued last week UniPixel's UniBoss sensors have variable cost and throughput advantages over rivals.
Comments (12)
  • Chris DeMuth Jr.
    , contributor
    Comments (4040) | Send Message
     
    Waiting for my bid to get hit...
    29 May 2013, 06:05 PM Reply Like
  • Chris DeMuth Jr.
    , contributor
    Comments (4040) | Send Message
     
    No takers yet, but should be any day now...
    29 May 2013, 06:05 PM Reply Like
  • Valuable Insights
    , contributor
    Comments (485) | Send Message
     
    Where have all the very vocal longs gone? Bueller? Bueller?
    29 May 2013, 06:18 PM Reply Like
  • Chris DeMuth Jr.
    , contributor
    Comments (4040) | Send Message
     
    I'll be a long at $2.50; come back to me in a bit and we'll talk...
    29 May 2013, 06:25 PM Reply Like
  • ouijaman1
    , contributor
    Comments (247) | Send Message
     
    I don't see it going to $2.50, but good luck with that. Looks like some buyers showed up around $20 today, and it held above the 200 dma, a positive sign.
    29 May 2013, 06:49 PM Reply Like
  • HIS MONEY
    , contributor
    Comments (67) | Send Message
     
    Longs will laugh last with this one. Shorts gave us a good buying opportunity. 19.50 gap filled.
    29 May 2013, 10:56 PM Reply Like
  • Chris DeMuth Jr.
    , contributor
    Comments (4040) | Send Message
     
    What do you think it is worth?
    29 May 2013, 11:10 PM Reply Like
  • ouijaman1
    , contributor
    Comments (247) | Send Message
     
    Determining worth at this point is nothing more than an educated guess at best. Can management push this through and make Uniboss a success? Who knows? So, valuation can end up being anything from $2 on up to above $100. All we can do now is read tea leaves to try and get a hunch going.
    30 May 2013, 01:23 PM Reply Like
  • neuvis
    , contributor
    Comments (5) | Send Message
     
    I think it has lost all PR driven momentum. If it breaks 19 tomorrow them it tests 15 and then 10.

     

    If you start getting the regulators involved or suggesting any impropriety by management then i think it falls like a rock !
    30 May 2013, 08:40 AM Reply Like
  • Chris DeMuth Jr.
    , contributor
    Comments (4040) | Send Message
     
    You could be right; I think that much of the value to current common stock holders is actually derived from impropriety by management in the form of litigation value. This is not a zero. Not quite.
    30 May 2013, 08:46 AM Reply Like
  • JBird61
    , contributor
    Comments (284) | Send Message
     
    So, Chris, if you are so convinced of the near zero value of this stock, then am I correct in assuming you are massively short UNXL right now? With your extreme confidence, it's easy money to be had, right?

     

    I'm wondering if you have your money where your 'beliefs' are, unlike most on here.
    30 May 2013, 09:14 AM Reply Like
  • Chris DeMuth Jr.
    , contributor
    Comments (4040) | Send Message
     
    I think that it is safe to say that I have my money where my beliefs are. However, there are issues surrounding heavily shorted equities that tend to move me towards options.
    30 May 2013, 09:48 AM Reply Like
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