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URL:  http://boards.fool.com/pwer-q4-2012-my-thoughts-30526331.aspx

Subject:  PWER - Q4 2012 - my thoughts Date:  2/5/2013  4:31 PM
Author:  TMFGebinr Number:  875 of 1282

Hi everyone,

Release: http://www.power-one.com/corporate/news/power-one-announces-...
Transcript: http://seekingalpha.com/article/1149331-power-one-s-ceo-disc...
Slides: http://files.shareholder.com/downloads/ABEA-3UIX47/230701091...

A disappointing quarter. The company's guidance at the end of Q3 was $210 MM to $230 MM for Q4. Analyst EPS estimate was a loss of $0.03. The company delivered only $192 MM in revenue and a loss of $0.14 per share. Shares fell 3.5% in response last Friday (the day after earnings came out), which tells me most of the bad news was already priced into the shares.

For most of the past year, the share price has sat between $4 and $5, with an occasional foray into the high $3 range. I think the company's going to have to beat expectations for 2 or 3 quarters in a row before the market starts pricing things higher.

However, I continue to remain a holder of this company, both here in the MUE port and personally. One reason is the strong (and stronger) balance sheet. The company added just shy of