Last weeks action found a bounce at the 50% fibanacci retracement which also appears to be previous resistance point.
Although ADX has not yet given us an imminent crossover nor Macd has yet to reverse the slope of decline is lessning.
So oscillators are showing slower decline and we are at w3hat may well be a bouncing point.
I'm thinking 13.38-13.40 is a good "add to" spot with a GTC order - realizing it mat take a while to finish its sudeways action.
This stock is ahead of many in its earnings recovery.I think it is primarily the result of the two excellent acquisitions made in Q3 of 2008.I have two other stocks in the 13.oo range and they are no where near annualized earnings of 1.00.
Makes me think there will be a quick break out in here and it will be a fun ride.
The other case is earnings disappoint and the decline continues.
On a weekly chart it looks like ANEN has gone through a five wave up and is in the ending of a C wave ABC corrective wave.
If this is the case - buying at a bottom of a b should give us a nice 3 up going into 2010.
If it is to continue its leadership it should revive soon.
This might be a buck over book,but I just can't see any stock with the earnings power - even if it declines a penny over the next 2 quarters as management wisely chases after higher margin products.
If custom products gets traction like they did in December it won't reduce anything and if they gain new projects with long build run times and hhigher margins,we'll have a nice growing book value that goes up 8% a year.
Now that's what I call a nice long term growth stock.
I'll accumulate more on price weakness,and be patient.
Full disclosure I'm long and long love the satellite sector - it just simply is the future of telecom.
First glance a light miss by 5 cents per analysts.
Combination of increased R&D on an large irridium satellite contract and a military first phase satellite funded R&D.This contract just got approved lat week and they hired engineers Dec and January so cost went to R&D which dropped margins 340 basis points.
Sala said future R&D woulkd go down.
Wireless R&D is up for AIR radio which has potential to double sales but off in time 2012 due to software programing lags. Great business for future.
Xinger for 4ge surprising in orders - coming on much faster than anticipated.
Start up yields are low and will increase with continued experience and improved sales rates.
Space and Satellite growing modestly new hires =R&D peaked this quarter with wireless growing faster and yield improvement will continue as new faciltiy expansion has been completed at unicircuit.
next quarter the same as this and working on yields.
Q3 2011vs Q3,2010 had a 7 cents IRS gain as overtaxed payments were acknowledged.This brought down tax rates in 2010,so that was a one of vs 2011.
New product hiring and ramp for 4ge wireless drove margins down and R&D up.
Same level of business with lower Opex will give better bottom line.
600,000 was recieved and will be in next quarter's other income.Legal expense of 200,000 has been previously expensed in past quarter and will show as other income also.
If you note guidance gaap and non gaap are the same so the gain from AML merger termination will cover options expense and impairment write off.
Book value will grow about 1.70 this year and cash grew about 7 million with few stocks bought back.
only 453,000 authorized to be bought back and a 10,million debt payment must be coming in 2011 H2?
Good future and not aware of any cancelation if government austerity hits!!