As a relatively new investor, HIMX is by far my biggest mistake yet. I bought 500 shares at $6.50, and averaged down by adding 500 more shares at $6.00. After researching the company to the best of my ability, I found steady growth and no debt. The company is invested in futuristic, albeit speculative technology. However this is a industry with massive room for growth (right?). Being naive and all I chucked in my money thinking after the company fell from $10 -> $6.50, it would certainly have to bounce back. Now after a month of slow bleeding and 4 analyst downgrades. I'm getting worried that this stock will drop even further. According to the Q4 preview for 2016.
After the write-down, earnings per ADS for the fourth quarter were 2.6 cents, below the company's guided range of 8.5 to 11.0 cents. Adjusted earnings per ADS were 2.8 cents, below the company's guided range of 8.7 to 11.2 cents.
Excluding the additional inventory write-down, reported and adjusted earnings per share would have been 8.6 cents and 8.8 cents, respectively and met the company's original guidance.
Revenues for the fourth quarter were $203.4 million, a sequential decline of 6.7 percent from $218.1 million in the preceding third quarter of 2016 and in-line with the company's guidance of a 4.0 percent to 9.0 percent sequential decline.
On the day of the preview release the stock rallied from $5.35 to $5.71 and closed at $5.47. I was confused because the earnings preview was terrible and regret not taking the opportunity to sell out at a reduced loss at $5.70. The question is what do I do now? Should I wait until the conference call, bag hold for a while or just sell out at a loss? I don't necessarily need the money right away, but I really don't want to lose any more. I am currently down $900. Thought and advice?
Submitted January 27, 2017 at 06:32PM by marketnator http://ift.tt/2kCWxdo
