I follow quite a lot of companies, so the usefulness of a watchlist to me cannot be overstated. Without my watchlist, I’d be unable to keep up on my favorite sectors and see what’s really moving the market. Even worse, I’d be lost when the time came to choose which stock I’m buying or shorting next.
Today is Watchlist Wednesday, so I’m discussing three companies that have crossed my radar in the past week — and at what point I may consider taking action on these calls with my own money. Keep in mind that these aren’t concrete buy or sell recommendations, nor do I guarantee I’ll take action on the companies being discussed. What I can promise is that you can follow my real-life transactions through my profile and that I, like everyone else here at The Motley Fool, will continue to hold the integrity of our disclosure policy in the highest regard.
UniPixel Inc. (NASDAQ:UNXL)
Holy moley, has it been a run to remember for UniPixel Inc. (NASDAQ:UNXL), whose shares have risen from as low as $5.27 in mid-October to a closing high of $27.80 as of yesterday. The most interesting part of Uni-Pixel’s ascent is that it hasn’t turned in a profit yet, with revenue of only $76,200 in the entirety of 2012.
That changed, however, with the launch of its UniBoss and Diamond Guard flexible electronic products, which it markets for the touch-panel sensor, cover-glass replacement, and protective film-cover segments. UniPixel Inc. (NASDAQ:UNXL) exploded higher after announcing both a multimillion-dollar deal with an unnamed PC maker to supply its UniBoss touchscreen film, as well as struck a collaborative deal with Texas Instruments Incorporated (NASDAQ:TXN) last month to develop touchscreen solutions that would be compatible with TI’s chips.
But investors may be getting a bit ahead of themselves here. Although UniPixel Inc. (NASDAQ:UNXL)’s story sounds grand, it also hasn’t made its UniBoss platform on a large scale before, meaning it’s going to be trial and error galore as its rapidly tries to expand its production line. Let’s also keep in mind that it isn’t as if Uni-Pixel is the only player in this space as well. Its unwillingness to reveal its PC-making partner coupled with its recent history of losses as it developed its new technologies leaves me highly skeptical of its current rally.