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Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: Shares of Universal Display (Nasdaq: PANL ) slumped 10% in early trading and remain off more than 6% as the closing bell approaches.
So what: The selloff appears to amount to profit-taking after last week's remarkable run, fueled by much better-than-expected second-quarter results. The OLED supplier may finally be on the way to producing sustainable profits.
Now what: Of course, that'll depend on having customers such as Sony (NYSE: SNE ) and Motorola Solutions (NYSE: MSI ) making good on using its parts to produce high-quality, low-power consumer electronics. Do you agree? Would you buy shares of Universal Display at these levels? Weigh in using the comments box below.
Interested in more info on Universal Display?Add it to your watchlist.
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Report this Comment On August 16, 2011, at 5:50 PM, sidneyleejohnson wrote:
SNE/MSI? I think of SMD/LG/AUO when discussing PANL's future. The main oled display manufacturers are supplying their own product lines and those other companies without huge oled productive capacities risk being left behind. PANL's future for better or worse is tied to SMD until enough capacity is built from other sources. Anyway, thanks so much for the attention to PANL on the fool board. Its nice to see mentions almost every day after a dry spell.
Report this Comment On August 19, 2011, at 1:34 AM, saurabhprasad wrote:
SNE / MSI?
I am sorry I have to say this, but it's almost criminal how little you know about the company. Can you please pick up the latest 10Q and read it for 30 minutes before writing anything?
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