Organic light-emitting diode screens are showing up everywhere, from midrange smartphones to top-shelf TV sets. And OLED researcher and materials reseller Universal Display is a high-octane growth stock, having doubled its sales in five years. In its last quarter, revenue rose 12% year over year, with management noting that it’s “broadening our core competencies, bolstering our worldwide footprint and expanding our global team.
If you invest in Universal Display, you’re getting a relatively small company with massive growth opportunities. Oh, and the stock was recently down 50% from its 52-week high, as nervous investors backed away from seemingly risky growth stocks. In other words, Universal Display is trading at fire sale prices, when the underlying business seems very sound. What’s not to love? Is it good to move money into bonds when stocks fall, and vice versa?Not necessarily.
When you — and other buyers of insurance — pay your insurance company your premiums every year, the insurer collects the money, which will help cover claims from customers. The money is collected up front, but claims are paid out throughout the year. Until that money is needed, the insurance company gets to invest it in stocks, bonds and the like — and gets to keep any profits from such investments.
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