NeoPhotonics – The Biggest Casualty Of The China Slowdown
NeoPhotonics doesn’t have much of a profitable history, at least not the last 5 years. The company is very dependent on China, and as long as Chinese demand doesn’t recover, […]
Oclaro Is Cheap
Another optical networker hit by some headwinds, much of it blowing out of China. But we see reasons for some optimism here. The shares are reasonably priced and the company […]
Cirrus Should Be Fine
Cirrus sold off after guiding fiscal Q2 a little soft, despite beating Q1 numbers. We think not too much should be made of the soft quarterly guidance, given the variety […]
Lumentum Q4: Take Aways
Lumentum’s shares performed a dramatic turn-around after the conference call. The quarter was a mixed bag, with booming 100G and VSCELs, but soft lasers and telecom. On balance, the tailwinds […]
Japan Defies Hard Money Economics
Japan proposes an interesting challenge to hard money economics, having embarked on seemingly massively irresponsible fiscal and monetary policies. One has to keep in mind that these lessons, as extraordinary […]
There Is A Bear Case For Applied Optoelectronics But We Can’t See Much Of It
Applied Optoelectronics is a battleground stock with the shorts getting a boost by a surprise softness in Q3 guidance from the company. When parsing the competing narratives, we see little […]
Universal Display Will Grow Into Its Valuation
A financially very sound market leader facing expanding markets which are in the first innings of development. But the shares are already reflecting most, if not all, of the near […]
Tableau Software Steps On The Accelerator
We didn’t see a long case for Tableau, but others clearly do. Re-evaluating the situation, we do see the growth and the operational leverage. However, we still don’t see a […]
The Next Eurozone Battle Is Shaping Up
The structural design deficiencies in the eurozone have been papered over by the cyclical tailwinds in the economy and balming ECB action. But at the first sight of headwinds, these […]
Cognex Is A Terrific Company But Already Fully Valued
A well managed company growing solidly with a history of exceeding expectations, often by quite some margin. Management has a keen eye for opportunities, whether these are new segments, applications […]