Much as I may complain about Microsemi (MSCC)
being a frustrating stock to own, not a lot of that frustration has to
do with management. In fact, this management team pretty much does what
it says it will. A few years back, management said they'd make use of
their balance sheet to do deals and bring new products, technologies,
and markets into the mix, and they did so.
Since then, management
said they'd be zeroing in on operating improvements, and while the
margin trajectory hasn't been a straight line, the numbers are getting
better. At the same time, the company continues to look for
opportunities to leverage technology and customer relationships to
deepen its moat. All told, Microsemi looks like a good way to play both
improving chip demand and an operating leverage story.
Please read the full article here:
Microsemi Offers Underrated Potential
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