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 organic light emitting diode (OLED) pioneer Universal Display
So what: What a difference a day makes. Just yesterday Universal Display shares took a dive along with major Japanese electronics manufacturers Sony
Now what: In the company's press release, CEO Sidney Rosenblatt said, "With revenues for the year almost doubling, fiscal 2010 may well be regarded as the year PHOLED technology officially migrated out of the laboratory and into the lives of millions of consumers." If that's not a CEO brimming with confidence, I don't know what is. Universal Display's lack of profitability and yet-emerging market make the stock a speculative one, but it certainly seems that the company has things moving in the right direction.
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