Is it time to sell Sierra Wireless (SWIR)?

Back in my first decade of investing -- 1995 to 2005 -- I would have sold SWIR awhile ago.

And lost money.

Nowadays, I'm much better about making short-sighted decisions to sell; instead, when times are tough for a given stock, as they are right now for SWIR, I take a hard look at the business and ask myself if my original thesis is still intact.

In the case of SWIR, it is but barely.

I bought this stock because I believe in the Internet of Things (IoT), and I am confident that sooner or later the world will need a lot more teensy chips that connect things into networks, exactly the kind of chips SWIR makes. However -- and it's a doozy of a however -- I bought SWIR when hype around IoT was frothy. Dumb. Now in 1019, the hype has subsided quite a bit and so companies like SWIR are not given a pass when earnings reports suck, which SWIR's have of late. But I still believe in IoT and I am bullish on the likelihood that as more things get connected, especially cars, a huge play for SWIR, demand for "connector" chips will go up, up and away.

And so, let the hand wringing cease. I'm staying the course. Next stop, 2025!