INTRO Here's my semi-annual exercise to see if I remember why I own the stocks I own, and so I can check back and see if their stories have changed. I post in case it helps others too.
NPTN (market cap is $0.277B was $0.289B)
Neophotonics is part of the very vital industry that enables high-speed internet. Old copper electrical cables have speed limits, but reach into every home on the grid. New fiber optic cables have great bandwidth, but they rely on light. Neophotonics sells the switches that incredibly rapidly translate information from electrical signals into optical signals and optical signals into electrical signals. Market expectations continue to grow, which should also grow the industry.
Neophotonics saw rising revenues - until I bought the stock, or at least it feels that way. Infrastructure companies rarely generate significant news headlines or reports, so tracking down the decrease has been difficult. I haven’t found a satisfying answer, yet. Until I find that satisfaction, I’ll continue to hold and am doubtful that I’ll buy.
DISCLOSURE LTBH but only just begun in 2017 as I switched from GigPeak's buyout and into NPTN, thinking that staying in the same industry would be a good thing. Not so far.
(I've also collected links to the other discussion boards and my other stocks over on my blog http://trimbathcreative.wordpress.com/2017/12/31/semi-annual-exercise-eoy-2017/)