Opinions
Peter Hodson
Photon Control
PHO-T
COMMENT
Dec 15, 2017
Stock price when the opinion was issued
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Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. The company has been very conservative in its guidance and investors are following this. Business conditions are expected to be decent although there might be a weak quarter or two. The company holds lots of cash, no debt and a decent outlook. Unlock Premium - Try 5i Free
Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. Sees no issues with the stock. The stock is up 78% this past year and has $46M cash. It might take some time for semiconductor demand to translate into new capital spending. Unlock Premium - Try 5i Free
Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. The company holds a good amount of cash at $65M and has no debt. A well-positioned supplier of key semiconductor components. The increased demand for chips will be a tailwind. Shares are attractive compared to historical figures. Unlock Premium - Try 5i Free
Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. Tech in general has been weak so this may account for recent weakness. It remains up this year though. A fine buy today. This year should be good for the company. Unlock Premium - Try 5i Free
Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Research. Smaller, cyclical company. Rolling out new products. Share buyback potential. Fortunes tied to semiconductor industry. Unlock Premium - Try 5i Free
The majority of revenue is coming from semiconductors. Has a high cash position and good insider ownership. This has done very, very well. If they moved to the TSX, that would help valuations. It is really a question of the semiconductors’ cyclicality. You have almost all revenue coming from one particular sector, and some large customers that are expanding. When that cycle turns, investors are wondering what happens to this company's great, huge, fantastic growth rate. There is a risk, this being a relatively small company. Feels the cycle probably has a little more leg to it and wouldn't be too concerned.