Given the industry circumstances, it's hard to get too worked up
about yet another iffy-to-weak earnings and guidance report from a
semiconductor company this quarter. Even so, Microsemi (MSCC)
seems to be a on a slower path to the revenue growth and margin
improvements that management has been projecting for some time, and the
Street is punishing the stock for its weak guide for the December
quarter.
Amidst the disappointment, I think Microsemi's non-defense businesses look pretty solid and I like the acquisition of Symmetricom (SYMM)
over the long term. While I seem to get more flack for liking and
recommending Microsemi than almost any other stock in my portfolio, I
continue to believe that Microsemi is a good investment opportunity for
patient investors looking to own a GARP-type story with room to run.
Follow this link to continue:
Microsemi Continues The "Two Steps Forward, One And A Half Back" Dance
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