Valuable Insights
Long/short equity, special situations, value, tech

Chipmos: Shares Have Over 100% Upside And Near-Term Catalysts

When we come across a stock with a 25%+ free cash yield, we take a look. When we find that it is well positioned for growth, has announced an upcoming buyback, has stated business is improving off a seasonal bottom, and is simplifying its corporate structure (making a future buyout more likely), we feel like the cat that has swallowed the canary. We have written previously about ChipMOS (NASDAQ:IMOS) but in light of its recent 4Q earnings report, and the positive outlook from Micron (NASDAQ:MU), its 2nd-biggest customer, we thought it timely to revisit the story as this is likely the last opportunity that investors will have to buy shares at over a 50% discount to...

Join Seeking Alpha PRO to read this archived article and 11,574 other archived articles
FREESA PRO MEMBERS
IDEA GENERATORXExclusive access to 10 PRO ideas every day
INVESTING IDEAS LIBRARYXExclusive access to PRO library of more than 15,000 ideas
SECTOR EXPERT NETWORKXExclusive access to all sector experts for direct consultation
PERFORMANCE TRACKINGXTrack performance of all PRO stock ideas
PROFESSIONAL TOOLSXProfessional Idea Filters to zero-in based on industry, market cap and more
"In just the first month of using PRO, I used it to generate two ideas which were actionable for me. As a result of these two positions, I have earned more than 20 times the annual subscription costs for PRO."Michael Yagemann, Greenbridge Capital
"I am pleasantly surprised with the scope of small and mid-cap coverage PRO offers. You can't find that any where else."Patrick Rice, Mainstay Capital Management
You may cancel at any time for any reason, and receive a prompt refund for membership on months paid and not used (max. 6 months). Details