My end of year review of MVIS
INTRO Here's my semi-annual exercise to see if I remember why I own the stocks I own, and so I can check back and see if their stories have changed. I post in case it helps others too.
MicroVision
MVIS (market cap was $0.089B mid2016 is $0.083B EOY2016)
Here we go again. Let's see if I can be more concise this time. MicroVision is a high-tech electronics component manufacturer based on one key technology, a chip with an oscillating mirror, which is also the basis for an impressive set of patents. Oscillate the mirror and it can project an image, capture an image, and possibly do both at the same time. The ability to do so has the potential to be much more efficient, cheaper, lighter, smaller, and cooler than many competing technologies.
Another way to look at MicroVision's technological potential is that they can make projectors as ubiquitous as embedded cameras. The market for embedded cameras caught many by surprise. The market for embedded projectors is debatable, but considering the number of monitors and screens on computers, cell phones, and almost every electronic device, MicroVision's potential is so large that it is easily incredible, literally hard to believe.
The proof of the incredibility has been MicroVision's and MVIS's performance. Investors who are new to the stock are encouraged because there is the potential for great news within the next six to nine months. Investors who are too familiar with the stock have been hearing the same projection for over a decade, and the stock was much higher then. Meanwhile, the technology is progressing, more products are embedding MicroVision components, and ideas have progressed to prototypes and to market, at least for some. With the number of cell phones being in the billions, even a 10% market share at a $1 profit per phone could equate to revenues of hundreds of millions and a market cap in the billions. The ability to fit inside pocket-sized electronics, or be able to interact with the projection; or reverse the process and capture images, create Lidar sensors, or read bar codes means many more revenue streams than "just" cell phones.
I continue to Hold, have resisted the urge to Buy, and yet find myself doing so once or twice a year with spare cash (which is easy when a share costs less than $5.) I've invested a few years of living expenses into the stock. Getting that back wouldn't even get the stock back to where I think it should have been prior to the reverse split. So, while others may cheer if it hits $40, I'll be looking to much higher levels based on the above logic (tempered by dilution, of course.)
DISCLOSURE LTBH since 1999 (though the very first shares are gone), and my patience is gone, yet my perseverance and majority of shares remain. I have more than enough if the company finally succeeds and the stock reaches the heights I think are possible. I may buy and have bought more simply because the stock is so cheap.
(I've also collected links to the other discussion boards and my other stocks over on my blog trimbathcreative.wordpress.com. By chance and habit I have also written extensively about the company and the stock on my blog. trimbathcreative.wordpress.com |
