Opinions
The Panic-Proof Portfolio (Stockchase Research)
Immersion Corporation
IMMR-Q
TOP PICK
Feb 18, 2025
Stock price when the opinion was issued
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IMMR creates touch screen communication technology. They just completed a takeover of a Barnes & Noble Education -- you can imagine where they are going with this acquisition. It trades at 7x earnings, 1.2x book and supports a 19% ROE. We like that cash reserves are growing, while the company buys back shares. We recommend setting a stop-loss at $6, looking to achieve $11 -- upside potential of 28%. Yield 1.9%
(Analysts’ price target is $13.75)We reiterate this developer of touch screen technology as a TOP PICK. Recently reported earnings showed strong earnings and growing cash reserves, following the 42% acquisition of Barnes & Noble shares in June. It trades at 5x earnings, under book value and supports a 19% ROE. The company announced a special dividend to holders on January 10. We recommend trailing up the stop (from $6) to $7, looking to achieve $11 -- upside potential over 25%. Yield 1.8%
(Analysts’ price target is $13.75)Our PAST TOP PICK with IMMR has triggered its stop at $8. To remain disciplined, we recommending covering the position at this time. When combined with our previous guidance, this will result in a net investment loss of 6%.
We again reiterate IIMR, a developer of touch screen technology, as a TOP PICK. We like that cash reserves are growing, while shares are bought back. The 42% acquisition of Barnes & Noble and its access to digital textbook markets fits well into management's growth plans. It trades at 3x earnings, under book value and supports a 28% ROE. We recommend trailing up the stop (from $7) to $8, looking to achieve $11 -- upside potential over 25%. Yield 2.1%
(Analysts’ price target is $13.75)