High-performance analog specialist Linear Technology (NASDAQ:LLTC)
runs itself differently than most semiconductor companies; Linear will
turn down business that doesn't meet its margin targets and has
maintained an almost unbelievable level of year-in year-out free cash
flow generation. Linear hasn't registered all that much growth, though,
and for all that the company's great margins matter, the company isn't
as generous in sharing its prosperity with shareholders. Amidst various
valuation methodologies Linear looks somewhere between 12% overvalued
and 12% undervalued, and although the company has some interesting
growth opportunities, it may take more generous payouts to move the
shares significantly.
Follow this link to the full article:
Can Linear Technology Match Quality With Growth?
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