I wouldn't expect a stock that was up more than 40% over the past year
and serving growth end-markets like data centers and 5G infrastructure
to be undervalued, but that may yet be the case with II-VI (IIVI).
There's an above-average risk here, as a lot of II-VI's value is
predicated on grabbing share in markets like 3D-sensing, leveraging
capabilities in advanced materials like SiC, and generating healthy
margins in markets like optical components where that has historically
been hard to do, but those risks seem more than balanced by the
opportunity.
Follow this link to the full article:
II-VI Looking To Flex Newly-Bought Muscle In Multiple Growth Markets
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