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.
Read more here:
Can Microsemi Deliver On Its Leverage Promises?
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