| DON'T BUY | 0.940 | Robert McWhirter | Has faced some pretty tough sledding. Ranks low in his database. Company is excited about opportunities on the medical side of their business. Have a core part of their business that is shrinking. Year over year earnings were down 34% but earnings estimates are up 31%. | 2008-06-18 | |
| PAST TOP PICK | 0.800 | Benj Gallander | (Top pick, April 19, 2007. Down 66%) Has lost an incredible amount of money over the past year. They have sold off some of their assets. The company can return to form, a long-term target of over $10. | 2008-03-25 | |
| HOLD | 0.640 | Benj Gallander | Played this one really poorly by buying in at $2.26. Lost a lot of money last quarter. Insiders bought a lot of shares, so he is hoping that they are smart. Have good technology. Took over Legacy so they no longer have a clean balance sheet. Likes management. | 2008-01-25 | |
| PAST TOP PICK | 0.650 | Benj Gallander | (A Past Top Pick Apr 20/07. Down 72.5%.) Still comfortable holding and is on his Buy list. Acquired Legerity, which doubled the company’s size but took on about $75 million debt giving it a messy balance sheet. Still has a lot of cash. Last quarter was a blood bath. Very competitive field. Management has been accumulating stock. Big insider buying. Speculative. | 2007-12-24 | |
| SELL | 0.740 | Ron Meisels | This one is very much down at the point where you are downside is very small because it is only at $.70. You don't know what the future of this stock is. Has been in a major downtrend for such a long time (2003). There are better stocks out there. | 2007-11-23 | |
| BUY | 1.350 | Benj Gallander | He owns and it's one of his favourites. | 2007-10-18 | |
| DON'T BUY | 1.390 | Peter Hofstra | They do input/output high speed systems. Recommends passing for now until they build a sustainable business model. | 2007-10-16 | |
| SELL | 1.370 | Ross Healey | It doesn't show up well on his value screen and actually shows up more as a Sell than a Buy. Doesn't see any technological breakthrough. | 2007-10-05 | |
| WAIT | 1.440 | Benj Gallander | Insiders started buying like crazy after the Legerity acquisition, which could double the company’s size. Going to take off about $5 million a quarter for the next 2 quarters, which is really going to hurt. Still likes the company and is comfortable owning it. Wait for tax loss selling before buying. | 2007-09-21 | |
| WAIT | 1.570 | Ben Stadelmann | Likes the stock. It had a lot of cash on the balance sheet giving it a lot of manoeuvring room, but spent the cash on an acquisition and is now in the process of digesting it. Will be having some substantial revenue increases going from $30 million a qua | 2007-09-07 | |
| WATCH | 1.610 | Bill Carrigan | Technology is still one of the sectors that he likes. Hit a low a couple of weeks ago. The only one thing troubling about the low was that it occurred with fairly light volume. He would like to see 600,000 or even a million in volume in a day. He is watc | 2007-09-05 | |
| DON'T BUY | 1.560 | Brian Acker, CA | Earnings have just collapsed since May/April. His model price has collapsed to $.55. A -66% differential. | 2007-07-27 | |
| DON'T BUY | 1.900 | Peter Hofstra | Has not delivered consistent results. Has not seen a history of management being able to expand beyond their core market. | 2007-07-09 | |
| WATCH | 1.830 | Ron Meisels | As long as the stock has held the level of 1.5, it is interesting. If they manage to get over the problems they had in the past which started the decline, it might do well. (So long as there is no fundamental problem with the company) | 2007-06-13 | |
| BUY | 2.260 | Benj Gallander | Excellent management. In a very difficult and competitive sector. Insiders have been buying quite a bit. Crispy clean balance sheet. It could be long-term before it reaches his target of $11.24. | 2007-05-18 | |
| DON'T BUY | 2.430 | Peter Hofstra | There are some neat niches in the semiconductor market, but consistency of execution and growth in their market just has not been there. | 2007-04-30 | |
| TOP PICK | 2.400 | Ben Stadelmann | They have been in the game a long time. Always put money into R&D every year. Always seem to have new products coming out. | 2007-04-20 | |
| TOP PICK | 2.410 | Benj Gallander | Have about $160 million in revenue. Semiconductor field is a tough one. Crispy clear balance sheet. No long-term debt. Some insider buying. | 2007-04-19 | |
| DON'T BUY | 2.500 | Ron Meisels | Had a big sell off in 2002 with the rest of the tech stocks and since then it has been in the base building. This will go on until it has a resolution of the base building and the downward trend line. | 2007-02-14 | |
| DON'T BUY | 2.580 | Robert McWhirter | Expecting a slowdown in the general semiconductor market. Ranks 313 which is neutral in the model. Earnings are expected to grow by about 40%. | 2007-01-25 | |
| DON'T BUY | 2.420 | Gavin Graham | A cyclical industry. Semiconductors is a very competitive industry. Profit of $.55 for the year and a P/E of 4.4 but the market doesn’t thin next year’s will be nearly as good.. | 2006-12-07 | |
| DON'T BUY | 2.290 | Peter Hofstra | Good balance sheet and $.95 in cash. Hard to evaluate any long-term growth here. Also can’t see any clear short-term opportunities. | 2006-12-06 | |
| BUY | 2.310 | Jeff Parent | Had a big drop from $2.75 to about $2.36. Consolidating now indicating the news is being digested. Very jumpy, so it is hard to do technical analysis on it. You can buy the stock, but you have to put a tight stop on it at around $2.15. | 2006-11-02 | |
| DON'T BUY | 2.320 | Rob Callander | Through the towel in quite a while ago on the stock and wouldn't be interested in owning it. | 2006-10-23 | |
| DON'T BUY | 2.680 | Larry Berman CFA, CMT, CTA | Has been a very disappointing stock over the last couple of years. Technically, it is making a bit of a bottom and is trying to break out. If the earnings are good, the stock can run and can get up into the $3.40 resistance area. Speculative. | 2006-10-11 | |
| BUY | 2.420 | Robert Floyd | Management has done a very good job in turning this company around. Have been shedding some assets that didn't offer great growth prospects. | 2006-09-20 | |
| BUY | 2.390 | Robert McWhirter | Ranks 223 in his model. Performance over the last couple of months have been a disappointment. Recently had a positive earnings surprise of 3%. Earnings are expected to grow from $0.03 to $0.11 in 07. Feels there is good opportunity for the company. | 2006-09-15 | |
| BUY on WEAKNESS | 2.390 | Bill Carrigan | The uptrend was broken in April indicating a bear. Had you’re A, B, C down and had a higher low in September. Now looks like it's on wave 3. | 2006-09-15 | |
| HOLD | 2.420 | Martin Hubbes, CFA | Interesting turnaround. Management is doing all the right things. The problem is they are trying to orchestrate the turnaround in what is turning out to be a very bad tech tape with a lot of tech companies being under pressure. Lots of cash on the balance sheet and they are generating cash. | 2006-09-01 | |
| DON'T BUY | 2.300 | Peter Hofstra | If you look at their history, it is not a proven management team. Haven’t proved that they can execute consistently. | 2006-08-29 | |
| BUY | 2.570 | Robert Floyd | Doing a really good job of taking costs out of the business. Have been selling some of their assets and streamlining their operations. Have been focusing more on their products that garner bigger margins. Strengthening the balance sheet and their revenues are starting to perk up. | 2006-08-18 | |
| BUY | 2.600 | Robert McWhirter | In the top 25% of his database at 136. Looking for a 31% earnings growth against a 15 P/E making it cheap. | 2006-08-15 | |
| BUY | 2.370 | Bill Carrigan | Had a good uptrend from October to April, followed by a downtrend but feels the low in June is a meaningful one and it will hold. If the market gets going, this particular sector which has been beaten up in the US, should do well. | 2006-07-17 | |
| HOLD | 2.750 | Bruce Campbell | Possible Mitel spin out has been discounted for quite a while and also, is relatively small. To continue having the stock price go up, they have to prove, quarter by quarter, that they are profitable. Easy money has probably been made. | 2006-06-08 | |
| BUY | 2.710 | Howard Sutton | Current earnings are very good but the outlook reported is a little bit muted. Has a ton of cash. Was a turnaround story. Now to take the next step, it has to become a growth story that he thinks it has the ability to do. | 2006-05-24 | |
| HOLD | 2.820 | Robert Floyd | Starting to do a reasonable job on refocusing on more profitable parts of the business under the new CEO. Doesn't trade on a par with other semiconductors. Streamlining operations and have sold some assets. | 2006-05-16 | |
| BUY | 2.990 | Robert McWhirter | In the top 17% of his database. For Mar/07 earnings are expected to be $0.09 which is a high PE of 39. There is the possibility that the company will continue to do reorganisation which will continue to improve earnings. | 2006-05-04 | |
| BUY on WEAKNESS | 3.130 | Bill Carrigan | The downtrend is over. There is a period of consolidation in 2005. Thinks it is fine, but you might want to wait for it to fall back slightly. | 2006-05-02 | |
| DON'T BUY | 2.960 | Peter Hofstra | Has a sordid financial history. In a niche, but could be in danger of getting squeezed. They continue to reinvent themselves, sometimes successfully, sometimes not. | 2006-04-11 | |
| BUY | 3.250 | Brian Acker, CA | This company had a remarkable turnaround in consensus earnings. The mean estimate is $0.08. He has a model price of $4.05 which is at 27% positive differential. | 2006-03-29 | |
| BUY on WEAKNESS | 3.110 | Michael Sprung | Tremendous little company and investors are just beginning to perceive the value in it. At the beginning of a longer trend going forward. It's always just jumping ahead of where he would like to buy it. Would like to see it 15/20% lower. | 2006-03-23 | |
| DON'T BUY | 2.930 | Chris Smith | New management has gone through a very substantial cost cutting effort. Have refocused the business into three product lines. Longer term, they are taking the right tack, but for the present would consider taking some money off the table. | 2006-03-21 | |
| BUY | 2.820 | Robert McWhirter | It is in the top 10% of rank. If the market pulls back, they will too. It is not dirt cheap. The company has cut expenses. He owns but not a huge position. | 2006-03-13 | |
| BUY | 2.650 | Howard Sutton | Continues to like it. The easy money has been made. Looking at it for the next 3/6 months to see how they are going to grow their business. Likes the business they are in. They have tons of cash. | 2006-02-09 | |
| HOLD | 2.720 | Ian Nakamoto | A technology specialist he relies on has a hold/sell on it. He thinks there is some good news coming, which would be a time to lighten up. | 2006-01-31 | |
| DON'T BUY | 2.660 | John Zechner | The move we have seen in the stock recently is probably as much as you can generate out of them. They still have too much legacy products. There are a few new products that could grow at better than 100% but they are too small in the overall operation to drive the overall growth of the company. | 2006-01-16 | |
| BUY | 2.570 | Robert McWhirter | Ranks in the top 25% of his database. Have a new product that will allow cable companies to do IP delivery which will allow cable companies to be more competitive against telephone companies. Earnings estimates have gone up by 20% in the last 90 days. Possibly they may sell off their foundries which will increase their earnings. | 2006-01-12 | |
| TOP PICK | 2.430 | Howard Sutton | A semiconductor company that is in the wiring and optical semiconductor communications. It is also in the ultra low power chipset for use in pacemakers. In a turnaround situation. It has over $1US in cash and no debt. | 2005-12-22 | |
| BUY | 2.050 | Robert McWhirter | 100 in his database model, roughly 15%. Earnings estimates have gone up by 55% in the last 90 days because they sold off a division to Intel (INTC-Q). Looking at selling another asset, which would be good. Looking out to Jun/07, earnings are estimated to improve from -$0.08 to +$0.08 giving a PE of 27 X. Speculative. | 2005-12-08 | |
| DON'T BUY | 2.170 | Brian Acker, CA | Has no earnings. Forcast to have $0.09 in March/06 and in Mar/07 it's going to have $0.03. Using the Mar/07 figure ge comes up with a value of $0.85. | 2005-11-14 | |
| DON'T BUY | 2.050 | David Chapman | Made a double bottom and started a leg up which may be just a corrective leg. Be very cautious about chasing it at this time. | 2005-11-09 | |
| TOP PICK | 2.050 | Howard Sutton | They make wired/wireless semiconductors. Have a wide breadth of devices. Have 2,100 patents. New management is creating a turn around by getting out of consumer products. Has $1US in cash. Breaking even to slight profit now. Feels they can get back to the high 50/60's gross margins. | 2005-11-09 | |
| WEAK BUY | 1.520 | Robert Floyd | There has been a management change and they are starting to restructure. End markets have been somewhat weak. At this price it is pretty well washed out, so wouldn't sell. Look for improvements coming oiut of the next quarter. Might buy. | 2005-09-29 | |
| DON'T BUY | 1.520 | Larry Berman CFA, CMT, CTA | There could be some positive technical developing. The obvious trend has been bearish. Comparing it to other semi-conductors, this stock has not performed well. There are better names to own. | 2005-09-28 | |
| DON'T BUY | 1.650 | Brian Acker, CA | His model price is $0.72 which is a 57% decrease in value. | 2005-09-21 | |
| DON'T BUY | 1.740 | David Baskin | Dead money at best. This is a company that's in a very, very competitive niche. Will continue to struggle. | 2005-09-08 | |
| DON'T BUY | 1.600 | Bill Carrigan | The chart shows a perfect example of a nasty down trend. When you are in a down trend, draw a line across the top and until it breaks out, the down trend is still in place. | 2005-06-06 | |
| SELL | 1.740 | David Baskin | Can't remember the last time there was any good news coming out of this company. They keep losing money and market share. | 2005-05-24 | |
| TOP PICK | 2.050 | Andrew McCreath | Has almost $1 a share in cash which would imply an enterprise value for their business of $60/70 million. Seems to be an incredibly cheap stock that had materially under performed some of its peers. | 2005-05-04 | |
| DON'T BUY | 1.620 | Chris Fernyc | Have got themselves in to a real pickle.Their sector has really had a very tough slog. Have been unprofitable. Has always been the could be, would be, should be down the road companies. | 2005-04-25 | |
| DON'T BUY | 1.740 | Rob Callander | Have given up on this company. Very disappointing situation and very difficult to turn around. Press release in the spring had no guidance, no earnings projections and no CEO. Sold all his holdings. | 2005-04-20 | |
| DON'T BUY | 1.900 | John Zechner | Their existing strategy is not working. Don't have enough new products to drive the growth. Very tied to the communications equipment business. Very cheap and has cash on the balance sheet but doesn't see it going anywhere. | 2005-04-06 | |
| DON'T BUY | 2.000 | Bruce Campbell | The semiconductor outlook is slightly worse than it's been. The book to bill ratio the last couple of month isn't great. There's a lot of mixed feelings that there's only 12 to 18 months left in the cycle and then we're going into a downturn. Zarlink's drop is not because of the industry, but their own problems. Need a couple of good quarters. | 2005-03-24 | |
| DON'T BUY | 2.000 | Brian Acker, CA | Doesn't have many earnings. His model price is $0.75. | 2005-03-22 | |
| TOP PICK | 2.070 | Bill Carrigan | A lot of the semis are in nervous territory. Very economy sensitive. Have a stop loss at $1.90. | 2005-03-15 | |
| SELL | 2.110 | David Burrows | The semi-conductor group had a bit of a rally over the last couple of weeks, but would only add the strongest company in the group. Some risk as the NASDAQ has been underperforming. | 2005-03-14 | |
| DON'T BUY | 2.430 | Gavin Graham | Semiconductors in general have not been doing particularily well and Zarlink's have done even worse. Very speculative. | 2005-02-03 | |
| HOLD | 2.660 | Bill Carrigan | Looks like it's trying to wedge, so it may break out of the wedge. It's now or never. Wouldn't buy any more. | 2005-01-26 | |
| DON'T BUY | 2.770 | Brian Acker, CA | Model price is exactly where it stands now. If it doesn't hold at this level, can see it hitting $2.25. | 2005-01-18 | |
| HOLD | 2.940 | Bruce Campbell | Tax loss selling has dropped its price. Did most of what they said they would, i.e. move from a loss to a break even and then drive on. Got to break even, but last quarter was slightly disappointing. Macro overview on semi-conducters is that the cycle may be coming to an end. | 2005-01-04 | |
| DON'T BUY | 3.050 | David Baskin | Likes to buy companies that make money and this one doesn't. The prospects of them making money seems to be cloudy. Doesn't see any visibility of earnings. | 2004-12-16 | |
| DON'T BUY | 3.240 | Mark Jackson, CFA | Reported numbers today that looked like a miss because of weaker end markets and the weaker US$. Could be a preview of some of the other Canadian tech companies getting impacted by the $. | 2004-12-07 | |
| SELL | 3.170 | David Baskin | Expects tax-loss selling. Doesn't see it recovering any time soon. | 2004-11-22 | |
| BUY | 3.110 | Duncan Stewart | Have sales, cash and a respectable balance sheet. Decent products. Very cheap semiconductor stock, but not a fan of semiconductors. A lot of cash has to go for R&D. Big upside if they end up with right products and economy is good. | 2004-11-12 | |
| DON'T BUY | 3.280 | David Chapman | Forming a base, but bases tend to take a long time to form. Not a fan of the sector. | 2004-10-22 | |
| HOLD | 3.690 | Robert Floyd | Has been penalized because of its overall poor earnings outlook. Has done a marvelous job stripping costs out. Waiting for the next quarter to see if the growth strategy is continuing. Very cheap. | 2004-10-19 | |
| DON'T BUY | 3.690 | Ian Ainsworth | Has some innovative products. Unfortunately, the majority of their products are sold into a mature market which is not growing. | 2004-10-19 | |
| DON'T BUY | 4.020 | David Baskin | This space is so news driven that all it takes is one story. Extrordinary volatility. | 2004-10-04 | |
| DON'T BUY | 3.900 | Jean-Francois Tardif | Doesn't like this company. Has had a history of missing expectations and losing money. The cash level is dropping. Semi conductor inventory levels are very high. | 2004-09-29 | |
| HOLD | 4.060 | Bill MacLachlan | Chip demand may be dropping. Depends on good economic growth and continuing demand for growth. Solid management. | 2004-09-16 | |
| BUY | 3.850 | John Zechner | The company has many new products coming out. It is cheap stock. It is worth buying. | 2004-08-30 | |
| BUY | 3.950 | Robert Floyd | Finally reported a profit for the first time in a long time. Good price. | 2004-08-23 | |
| DON'T BUY | 3.960 | Robert McWhirter | Ranks just below half in the database. Had a 6% negative earnings surprise when they reported. Has a high PE of 54X. Earnings are expected to grow to $.24. Working on some very interesting technology. | 2004-08-20 | |
| BUY | 3.970 | Brian Acker, CA | Model prices on the banks have been dropping. This would be their first choice followed by Toronto Dominion, Royal Bank and Bank of Nova Scotia. Dividend. | 2004-08-11 | |
| BUY | 4.483 | Bruce Campbell | Semiconductors have been weak lately. Reported a quarterly profit in their turnaround, for the first time in about 3 years. Have guided up going forward. | 2004-08-06 | |
| DON'T BUY | 4.740 | Danny Tomka | Have missed on promises. Recent quarter was less than stellar. A cheap stock but they just cannot close deals. Would prefer others. | 2004-07-22 | |
| HOLD | 5.200 | Ian Ainsworth | Has taken action to really improve its balance sheet and margin profile. | 2004-07-13 | |
| TOP PICK | 5.750 | Bruce Campbell | A recovery semiconductor story. Good exposure to wireless, wire land and voice over Internet. Will start to earn money going forward. | 2004-07-05 | |
| TOP PICK | 5.510 | Robert Floyd | In an interesting stage at this time. Have been focused on cost control and are now at the juncture where it should swing positive. A good price to add to a portfolio. Demand for the product is starting to increase. | 2004-06-28 | |
| BUY | 5.350 | Robert Floyd | Thinks the outlook for semiconductors is quite strong. Starting to turn around. Losses are starting to leave the company and looking forward to a little bit of profit. | 2004-06-01 | |
| DON'T BUY | 5.300 | David Burrows | The semiconductor sector peaked out in the early part of January. A sector that you have to use as a trade. The stock was never able to get into the rallies. | 2004-05-27 | |
| BUY | 4.710 | Bruce Campbell | Reported good numbers and gave guidance for revenues increasing good entry point. 11%. | 2004-05-18 | |
| PAST TOP PICK | 5.330 | John Zechner | (A top pick Oct 2/03. Down 1.5%.) Sold at. Wanted a stock that participated in the Tech rally but it didn't pan out. | 2004-05-06 | |
| DON'T BUY | 5.200 | Bruce Campbell | Prefers over Tundra. Zarlink is recovering as well but further back along the curve and hasn't had the rise yet. In the short term, probably not going anywhere. | 2004-04-29 | |
| DON'T BUY | 5.660 | David Baskin | Thinks it's ahead of itself. Buy on rumor and sell on news. A good chance the stock will drop, regardless of the earnings. | 2004-04-27 | |
| DON'T BUY | 5.550 | Ron Meisels | Had a huge selloff in 2002 and then started to do some base building. The base building is not yet complete. | 2004-04-23 | |
| WAIT | 5.350 | John Zechner | Have a few products that are starting to come on. Have their cost structure under control. Want to see the numbers on their next quarter. | 2004-04-22 | |
| DON'T BUY | 5.190 | Andrew McCreath | Finally showing signs of having their revenues in line with their costs. Have a lot of products, a few really good but many so-so. There are better ways to play the chip business. | 2004-04-20 | |
| BUY | 5.020 | Bruce Campbell | Looks very cheap. Finally turned around where it has reached the breakeven point. New products are probably going to show some growth. High risk/high reward. | 2004-04-01 | |
| BUY | 5.050 | Rob Callander | Semiconductor business is coming back. | 2004-03-29 | |
Experts that have talked about Zarlink
