The drop followed knock out 2017 results but weaker guidance than expected - partially due to sales being pulled forward to Q4 2017.
However the prospects for Universal Display (OLED) are huge with OLEDs being used increasingly in smart phones, large screen OLED televisions and even everyday lighting.
Management outlined big opportunities more demand in the second half of 2018 and new fabs coming on in 2019.
Universal Display, which sells OLED materials and licenses its OLED patent portfolio to the world's leading display manufacturers, looks well placed to benefit from the coming expansions.
The stock is now trading on almost 30 times 2019 forecast EPS. But with 6 foot tvs going mainstream and huge opportunities in everday lighting, OLED looks well worth it.
This post is not a recommendation to buy or sell any security or derivative. Stocks are not suitable for all investors. Please do your own research.
Submitted March 03, 2018 at 06:36AM by InterestingNews1 http://ift.tt/2FmLiQB
