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Strategies & Market Trends : Value Investing
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To: bruwin who wrote (58218)10/16/2016 5:01:06 AM
From: Elroy  Read Replies (1) of 78691
 
Your chart of PE's is perhaps a trailing PE, based on actual reported EPS? In that case, it might be 20x to 30x.

I was saying SIMO trades at about 10x to 17x forward PE (using next year's forecast non GAAP EPS).

Yes, I don't think SIMO has a 'sustainable competitive advantage", not many semiconductor stocks do. But they have shown the ability to be the best merchant NAND flash controller company. But sure, some other company could - in theory - make the better mousetrap, and that would be a disaster. But there is zero indication of that in the real world. The trend in terms of market share over the past 4-5 years has been that SIMO is expanding theirs.
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