Under My Radar - LDIS

Leadis Tech

Extracted from Briefing.com
LDIS can be described as an IPO bust as the co was poorly managed causing multiple downward estimate revisions. It's now well below its $14 offering price. However, the stock looks like a good turnaround play thanks to 1) new management; 2) its Q1 report; 3) strong balance sheet; and 4) the rolling out of new products, especially thin film transistor liquid crystal displays, or TFT LCDs. A stop loss at support in the $5.25 area makes sense.

On 25 Apr, Leadis Tech reported that its earnings misses by $0.02, ex items; Reports Q1 (Mar) loss of $0.08 per share, excluding non-recurring items, $0.02 worse than the Reuters Estimates consensus of ($0.06); revenues rose 107% year/year to $24.1 mln vs the $21.2 mln consensus. Co issues upside guidance for Q2, sees Q2 revs of $28-32 mln vs. $21.80 mln consensus.

The stock gapped up the next day but retraced some back yesterday. I am waiting for the stock to form a higher low before playing this stock.

- PersianCat04 (Milionaire-in-progress).