Actions Semiconductor Co. (ACTS)

[fcpgalltheway]

I guess nobody has anything relevant to say about this company, even though the second quarter just ended and probably the company will file the 10Q with information that was well known ahead of time when they issued a PR in May. I imagine the company will continue to pile up the extra cash into bank deposits until the time comes to make a deal.

I realize that maybe the jump in price from 1.50 in January to 3 dollars in April was a little too much, but the company has still plenty of cash to use in any way they feel like investing it--as for example buying First China Pharmaceutical Group at $1 per share! That would be a good investment on the way to becoming a conglomerate in different fields--just like Buffett did.....

For the second quarter of fiscal year 2013 ending June 30, 2013, Actions Semiconductor estimates revenue in the range of $18.0 to $20.0 million and gross margin of approximately 36%.