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Technology Stocks : Semi Equipment Analysis
SOXX 297.50-2.6%Nov 6 4:00 PM EST
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To: Return to Sender who wrote (85872)11/8/2020 9:43:11 PM
From: Elroy1 Recommendation

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Return to Sender

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SIMO's prospects are good and the valuation is as good as it has ever been relative to the rest of semiconductors. The shares should be about $45 rather than $37.

They have $12 cash and property and no debt. They EASILY make $3.00 next year, and perhaps as high as $4.00.

$37 - $12 = $25 share price, so PE off next year's EPS is between 8x and 6x. Too low.

If the share price sits down there, I don't see why one of these larger related semiconductor companies (MVHP? MRVL? AVGO?) doesn't acquire SIMO for 15x or 20x, and have it be immediately accretive to their EPS.

SIMO ain't going away.
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