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Strategies & Market Trends : LPL -- leader in World's TV Industry

LPL 5.025

+3.9%

11:47 AM EDT

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To: chessboard_andy who wrote (68)	4/29/2021 11:50:15 AM
From: chessboard_andy	Read Replies (1) of 76

Price support tested well. I had picked $11.19 based in part on the 2/19 close, but going back the $11.21-11.24 range probably makes even more sense. Regardless, it did go right down to that support and immediately start ticking up. I have thoughts about the conference call, but limited time to share. A few big-picture take-aways from my OLED-centric perspective: LGD is basking in the glow of free cash flow and are unlikely to announce much capex to undermine that until after the Q2 report. They did act pretty quickly to convert some G7 LCD production that was slated to close over to mid-sized IT panel product capacity rather than closing the fabs. I would guess that was an easy decision in light of price increases. They seem to be pretty pro-active about semi-conductor shortages, but it is an important issue. The answer related to the potential growth of P-OLED in the automotive space was very interesting and informative to me from a longer term perspective. The life-cycle of those contracts is pretty long and they are ready, willing and able to build spec-d screens under long-term contracts in that market. The development and validation of each spec'd product is apparently a 1-2 year process. The only thing that confused me was that the speaker seemed to thing that OLED dashes are the perfect screens for EVs. Seems like a silly idea to me. Of course Tesla pushed the envelope on the amount of glass in a cock-pit, but that is more tied to IT than EV. OLED production trending towards profitability. It wasn't discussed, but a lot of this will happen naturally with depreciation. They are working towards optimization while assessing expansion. They expect to continue evaluating at least into Q3. Anyway I did take extra positions after seeing support. Hoping we hold and move towards $13 and beyond.

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