| 4 comments ]

Well, BRLC is the ticker symbol for Syntax-Brillian Corporation. This company produces high quality HDTVs under the brand that many of you may have heard of – Olevia. They also manufacture the growing Vivitar digital cameras.

I bought shares before their quarter earnings reports and was expecting a highly anticipated improved earnings. Unfortunately, their management delayed the release of the reports AND their CFO left the company. Signs of an incompetent management team sent the stock price plummeting. Also, Asia suppliers to the company entered a credit crunch which would negatively affect production. And once the earnings were reported, the expected EPS missed by one cent. Just bombarded with bad news!!!!!!

Recently, Syntax-Brillian Corp. has appointed a new CFO, presented fruitfully at various conferences, and expected earnings for December are growing. As a result, the stock is climbing slowly.

(Price comparison according to Circuit City)

Olevia 32” LCD HDTV = $549.99

Sony 32” LCD HDTV = $899.99

Best Buy is testing waters with this company online but not in-store besides the many people asking if they had Olevia TVs. So the next time you go to Best Buy, ask to see the quality of these babies. No wonder Sony is getting worried about this competitive company.

Instead of a quick 20% return, I got myself a long term position. Nothing to be afraid of. This will test my patience and ability to take the roller coaster ride of the stock market.

4 comments

acworld said... @ September 24, 2007 at 9:25 PM

yup u should definetly wait...shows how patient you will be... even though it might take month(s)i know u can do it!!

Anonymous said... @ September 26, 2007 at 6:21 PM

if you haven't already taken a finance course, it'll be extremely helpful. one thing you want to do is diversify. by 8-20 different stocks, lol not on one stock

Simon said... @ September 27, 2007 at 12:03 AM

To anonymous:

Yeah, I understand that I should diversify but doing so with so little money would not make a big difference. I am currently on my way to diversification in a different form - through direct savings, IRA (index and mutual funds), and the brokerage account.

Anonymous said... @ September 27, 2007 at 11:23 PM

lol with little money, it can be a learning experience. you invest in many different types of securities and see how it works at first and then you can expand from there.

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