That's what Hank Williams Jr. would howl if he was into next-generation lighting and display tech. It's also what investors in OLED kingpin Universal Display
Ladies and gentlemen, start your engines!
After years of "coming soon" and unrealized promise, Universal Display is now reaping the benefits of its first-mover advantage. Samsung is putting OLED screens in as many of its own products as possible, even while HTC and other phone makers are lining up, hat in hand, to get a tiny sliver of the leading OLED screen manufacturer's monthly output. Reports are that Motorola
Show me the money!
Universal Display's second quarter saw a 114% year-over-year revenue explosion to $6.3 million after you back out a one-time $2.1 million benefit from an expired technology license. Net losses added up to $4.4 million, or $0.12 per share, but that includes another one-time and non-cash item. After a dazzling 64% run in the past 12 months, Universal Display's stock is trading near 10-year highs and outstanding stock warrants had to be reappraised at a much higher value. That's the dark side of doing too good, I suppose.
In case you're doubting the timeliness of jumping in right now, consider that Universal Display's sales nearly doubled from the first quarter. This is an inflection point, a tipping point, the point of no return. While Universal Display will still be a small-cap for another couple of years, the stock will never again be this cheap. From here on out, you'll see a parade of blowout quarters, pushing the stock higher at every turn.
This is just the beginning. Thanks to Samsung, LG Display
If you're ready for some OLED, do yourself a favor and give Universal Display a thumbs-up rating in our CAPS system.
Fool contributor Anders Bylund holds no position in any of the companies discussed here. He can't wait to get ready for some football on a big, beautiful OLED screen sometime in the next few years. Universal Display is a Motley Fool Rule Breakers pick. Apple is a Motley Fool Stock Advisor selection. Try any of our Foolish newsletters today, free for 30 days. You can check out Anders' holdings and a concise bio if you like, and The Motley Fool is investors writing for investors.