I’d like to buy but:
They have a ton of patent challenges and it might not be a rock solid most
Isnt’ that true of almost every tech company?
They have the most concentrated sales risk I have ever seen
True, but the flat screen market is pretty concentrated. Samsung has 21.6% and LG about 11.9% in 2016. From the fool article:
Major customers and growth drivers in displays include Samsung Display, LG Display, Apple, Panasonic, Sony, and the like. Importantly, these companies used to or currently do rely on competing for older display technologies such as LCD and LED. As they convert to OLED en masse, they’ll continue to drive Universal Display stock higher.
There’s a similar – if not larger – opportunity for OLED lighting, although it’s earlier in the development process. Nonetheless, it could become a $1.9 billion market in 2021 and a $5.8 billion market by 2025. That means those 4,200 patents will prove pretty valuable for the foreseeable future.
as they convert… = lots of growth to come. I see more and more in Costco, and that means mass market acceptance.
They could be over taken very easily by the next lighting technology (esp if LG or Samsung or Apple come up with it)
yes, QLED is a possible game change, but OLED is still considered much better. Will it happen so fast you loss more than you profits? If they keep growing at an accelerating rate for 2 years, your profit margin will be large enough to handle a sudden sea change, plus, if it becomes a big part of your portfolio because of grwoth, then you will want to trim some anyway.
P.