By Franklin Feringa, fundamental analyst at Better Options Amsterdam on own behalf.
After being active in the sapphire crystals industry for many years, Rubicon Technology saw its financial results deteriorate due to increased competition, dragging its share price down with it. Under the leadership of a newly appointed activist CEO, thwe company decided that it was best to scale down its existing operations drastically to shift the focus to new opportunities. Most of the assets have now been sold, leading to ample cash, no debt and almost no liabilities. Yet investors do not seem to realize the transition that the company is going through, leading to a great low-risk investment opportunity…..
This is not a purchase advice.