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Creative Technology
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Livermore
Master |
01-Jun-2008 08:57
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Incurring huge paper loss but collecting good dividends does not make sense
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zhuge_liang
Supreme |
31-May-2008 23:31
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Creative issued its 2nd profit warning in 2 months (the last was given on 24/3). This likely reflects the extremely low business visibility brought about by the sinking consumer confidence in US (29%) and Europe (46%). 4Q’s bottom-line would be cushioned by partial recognition of their sale of the business headquarters in International Business Park in Jurong East to AREIT (3Q ended Mar saw a US$16mln partial recognition already). Total exceptional gain of US$144mln would be recognized over a 5 year period. However this would also mean higher rental expenses going forward.
Early this year, Creative launched its low priced inPerson multiparty conferencing system. However, this business has been around for a long time and has long been dominated by established behemoths such as Cisco Systems, Microsoft, Google, Yahoo, Polycom Tandberg Radvision, InterCall and Brainshark.
Creative’s late entry into this market means that execution risks are much higher and it would have to spend a lot of advertising and promotional expenses to fight against these existing behemoths. We believe it would be a tall order for the company to be successful when they are up against these established and well entrenched players. This was also the case for MP3 players with Apple dominating.
Creative lacks a killer product since it introduced its sound cards.
Given these problems, it's still an avoid. |
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bribbon
Member |
31-May-2008 12:52
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What can I say :( Really very very heart pain. :( K, I've been thinking also, held on for two years le. Maybe... will let go lar. Channel to other counters, and hopefully can cover some loss. Thank all of u K, very nice of you to help:)
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shplayer
Elite |
31-May-2008 12:40
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Co has sold assets and received patent infringement settlement for Apple the past few years to dress up their P&L. These are one off gains and not sustainable in the long term. Operationally, it is still struggling. Whilst it is innovative and makes quality products, it lacks marketing savvy to thrive in the market they are in. Personally, I don't see any 'light at the end of the tunnel' yet. |
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des_khor
Supreme |
31-May-2008 11:15
Yells: "Tell me who is the God or MFT from this forum??" |
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At one time this counter trading @ above $60 per share during internet bubble !! can imagine who bought it at that level !! | ||
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tanglinboy
Elite |
31-May-2008 10:44
Yells: "hello!" |
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Wah... you bought at a very high price. I also have friends who bought at 19 or 20+ dollars and still holding it. I have doubts that this stock can go higher than $12 anytime soon. It is ultimately your decision on whether to cut loss or not. Will you make more money reinvesting the $$ in another stock? |
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jackjames
Elite |
30-May-2008 22:21
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hold on and take your dividend every year... their dividend not too bad... | ||
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bribbon
Member |
30-May-2008 22:19
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Hiya Me new here. Would like to get some help/advice/opinions :) I bought Creative Tech back in 2005/2006 (sigh) for very high price 17.20 and 11.90 respectively. Look at the price now, very gek sim. Should I hold on to this counter...or just let go. |
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