Larry:
Somebody on the Yahoo thread who listened to the CC posted that a mention of one big customer (also competitor who is infringing on a patent by VICR) has canceled his order at the last minute during the quarter. It looks that they intended to hurt the company and its stock - maybe they are the one who had to pay money to Vicor as they lost a case of patent infringement in the past.
At any rate, VICR had a one time write down of $900. Without the write down the company made .15 a share (only .1 short of consensus estimates). Robertson-Stevens, it seems, has reiterated a "buy" on the stock according to a post on Yahoo. I think he had a "strong buy" with a target of $56. Did he lower it to just "Buy"???
The company is, IMO, the best I ever followed. It has one of the best balance sheets I ever saw.
I was just lucky being completely out of the stock the day earnings were going to be announced. I did not like the trading pattern prior to earnings so I sold at $41 3/8. I bought some back to early the next day, at the close, at 32 and 7/8. Then I bought again yesterday at 24. I intend to rebuild double my previous position at today's price. So, I do think of this fall in price as a gift from God.
At $23 VICR is only back to where it startes its run up after the previous earnings so, it only gave back the expectation of a blowout quarter. The future outlook for the present year, based on the family of new products, is still intact IMHO.
Sincerely ...
Ghassan. |
