|Just a suggestion to remember when evaluating things...|
While the future of OLED *the technology* looks promising...
Don't equate that with the future of OLED the stock/UDC necessarily being the same, there are a number of risks which I should have paid more attention to:
--This company depends mostly still on 2 customers (one for tv and one for phones), which is vey risky, especially since one has really screwed them in the past and they both invested in a competitor
--Management has proven to be often without a clue, numerous time in forecasts of future events
--Key contracts with the biggest 2 or 3 customers expire in just 2-3 years
--Better, competing technology such as MLED is not here today, but no one knows how fast it could be ready. As soon as it is, could have a major negative impact on the stock price
--They appear to be in desperation mode now to get "blue" and have been on that quest for years
They basically sell tiny bottles of dust and help implementing it for crazy fees millions of dollars and the major manufacturers buy it right now because they are forced to buy because of patents. Not a comfortable arrangement for me.
But they wont be forever. Major patents expire in a few years also.
Yes, the operating financials are very good, but these are the business challenges and why they may never again get to a very high PE, especially after what just happened.
I personally lost tens of thousands from mgmts bs flowerly rhetoric and the obvious financials, I would advise to be careful not to do the same. They aren't paying the dividend out of the goodness of their heart imho, they are doing this because they know the dream they are selling may not last for long and they want to have another reason to keep investors. Be prudent and DON'T buy this on margin.