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SID and LG Display Wrap -6
In my eyes, Display Week put the wrap on the opportunity in LPL.
Shares are up above $14.50 this morning on news now starting to
spread across western sites, that LG Display will begin
prioritizing mobile AMOLED displays above televisions in
next year's new production lines. What they are missing is the
reason for this decision. Last week, BOE showed
the world's first a emissive QLED prototypes at SID. Although the
screens were fairly low resolution and only 5 and 14 inches, they
were produced entirely via inkjet. That in turn supports the 3 to
5 year window of opportunity I've always seen for LGD's AMOLED TV
monopoly, and now it seems that management agrees.
It's fairly surprising that a Chinese company is demonstrating
this, rather than a Korean one. This is the writing on the wall,
as far as I'm concerned, and I think this morning's price movement
is a complete misread. Though stocks often run higher than I
think they should, I'll be discontinuing any long positions in
LPL. Coverage will probably be minimal from here on out, and that
section of the website will eventually go public the way of INVN
did, though not in the next month or so.