Random thought about GNSS

I always think that there is no bad stock but bad price. Right now I see value in GNSS and good risk/reward ratio. So tomorrow I will put a limit buy at $7.75 good until cancelled and come back a few months later.

Today’s sell off was due to $3.57 loss this quarter which was primarily caused by goodwill write off. I do not give much shit to goodwill and the non-GAAP is 0.21 per share which is acceptable or I may say it should have been priced in.

GNSS’s tangible net asset right now is around $6.3 so IF it went BK tomorrow at $7.75 I will only lose $1.4 per share. And I think the Ana. Estimate of next few quarters’ earning is moderate and GNSS will not miss much given the CEO said they would take immediate steps to cut cost.

GNSS is still the NO. 2 player in the field and there are as far as I know only three major players. People still watch LCD TV and people still use LCD monitors…

In addition, since there will always be rumors about buy-out though I do not buy into. The big dogs may produce some of them and the PPS will act correspondingly. At that time, I would be more than happy to sell into it.

Even at $10 in a year it would be 30% gain. And again I do not see much downside so I would be happy walking away.