Monday, July 30, 2012
Seeking Alpha: Can Microsemi Deliver On Its Leverage Promises?
Small-cap value is a dicey proposition in technology, as investors are often more inclined to ignore valuation in the pursuit of disruptive technology and break-out growth stories. Unfortunately, while Microsemi's (MSCC) growth isn't bad by the depressed standards of today's semiconductor market, this is not a stock that's going to challenge names like Broadcom (BRCM) or Mellanox (MLNX) for growth leadership. What Microsemi does offer, though, is a business leveraged to operating improvements and built around markets where the company is often hard to dislodge.
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Can Microsemi Deliver On Its Leverage Promises?