LPL - LG Display Just Showed Why People Were Right To Be Wary
- LPL posted a big decline in earnings in Q1, showing why people were right to be skeptical of LPL’s improvement in recent quarters.
- The big problem is intensifying competition, leading to price declines, and LPL does not believe there’s an easy solution waiting in the wings.
- A look at the charts suggests the stock is more likely to be heading lower than it is to head higher, even though LPL is not without some pluses.
- The display market continues to evolve, but as long as there’s an imbalance between supply and demand, long LPL is not worth pursuing.
For further details see:
LG Display Just Showed Why People Were Right To Be Wary