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.
Neophotonics NPTN ($0.321B Mid2017) Neophotonics is a high-tech electronic company that attracted me because of its work in electro-optical switches, a key element of increasing the bandwidth of the Internet. The more we stream, the more old hardware has to be replaced with faster switches.
While revenues have been increasing > 40% in the last 4 years, and the net income is trending to positive, the stock has dropped ~ 30% since I bought it near its 1H17 peak.
I'll continue to research the company to see if the disappointing quarter was a bit of bad luck or reason to believe there will be downward trend.