When Himax Technologies (HIMX) reported another weak quarter, the company once again demonstrated that its business continued to deteriorate. The company reported a decline in every single key metric. Why is the stock holding above the $2.30 level? With tax-loss selling approaching, investors need to ask Himax to “show the money.” At best, revenue will stabilize in 2020, and at worst, and more likely, the business will continue to decline.
Weak Third Quarter
Source: Himax
Do-it-yourself value investors used to hold Himax stock that, along with trading the stock within its range, ended earlier this