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Strategies & Market Trends : Value Investing

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To: Paul Senior who wrote (63114)	1/9/2020 2:08:20 AM
From: Elroy	of 78715

SIMO's outlook in 2020 looks pretty good. Cycle is back in their favor, and they've got some interesting green field product areas that are starting from almost nothing and could easily turn into something meaningful in 2020 and beyond. The just pre-announced Q4 2019 results are only 6 million below their best ever quarter, and 2020 is supposed to be a growth year. SIMO could easily be acquired by a larger semiconductor firm since valuation is low (based on 2020 EPS). They're coming out of 2 years of malaise, and since last summer have had good trends. Hopefully the recovery is more than 6 months, but yeah, the real time to buy was last summer in the low $30's. They're going to be super profitable and throw off lots of cash until the next NAND downturn, which may be a bit away, but who knows about that? It has been a good dividend grower as well, started at 60 cents per year in about 2014 (I think) now up to $1.40 in 2020.

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