I really like the paragraph you mentioned, along with this one:
INVESTMENT THESIS: Our investment thesis on Power Integrations stock is based on the following factors:
1. The market for power conversion devices is potentially huge and runs into multiple hundreds of millions of units, for a given power range. In our view, the market growth for power conversion device manufacturers therefore can arise not only from the inherent growth of the market but can also arise should the power range of the power conversion device extend beyond current levels cost effectively.
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A few thoughts:
I hear POWI is working on a new product, fancy that!
I expect the "given power range" of components WILL expand, as discrete component based technology becomes more expensive in comparison to POWI's technology.
Actually it was a little closer to $4.25 (split-adjusted :o)
You can call me James, you can call me dude, you can call me JB, you can also call me stupid for not holding onto all those shares I bought, but which I sold the majority of at $22 (post-split). Like I said ... hindsight
POWI, SMTC, GMST, HLIT, CREE ... hey now, you're a rock star, get your show on ... GET PAID!!!
Peace dude, I'm glad the report helped, talk to you at $80.
Regards, JB
P.S. Edit - I see from early morning trading, we're at that stage of the game again where the price opens up a couple buck below the prior day close on a good surge of volume, and then the price proceeds to rise throughout the rest of the day, closing anywhere from $1 to $5 above the prior days close.
Can you say accumulation? Buy early in the morning if you're going to add, and set a limit order $2-4 under the prior days close, to execute at open. You'll be surprised, you may just get it, and end up with a quick $4-7 gain for being quick on the feet :o) |
