Prepare for an evolution in consumer technology. If it’s got a screen, it’s about to get a much better screen… and that’s saying something, considering how vivid and vibrant the most recent generation of 4K display screens have been.
That evolution, of course, is the mainstreaming of OLED (organic light-emitting diode) screens. Universal Display Corporation (OLED) is a crowd-favorite way to make a play on the OLED movement, but Korea’s LG Display (LPL) has the history, name and the existing partnerships that make it the better bet.
Those who know the LG Display story will know that doesn’t sound quite right. Last quarter’s sales were down 10%, cutting earnings to nearly nothing. Those who know the OLED story very, very well, however, know that we’re at a turning point in the technology’s life, with prices coming down and demand soaring. Now’s the time to get in, while the stock’s trading at less than nine times this year’s expected earnings.
