Ashraf Eassa
Long/short equity, contrarian, independent research, tech

Silicon Motion: Sifting Through The Wreckage

I profiled a company called Silicon Motion (NASDAQ:SIMO) back in January with a belief that there was very real potential for the stock to double during CY2013. While the stock seemed to perform well in the wake of my call, sweetened by the initiation of a fairly generous dividend, the stock has demonstrated itself a rather poor investment over the last couple of months. With a dividend yield now over 5%, nearly half of its market capitalization in cash, and trading at roughly 3x EV/EBITDA, should investors initiate/add to positions in this cheap, beaten down technology name?

eMMC Growth Vector Intact...

It is often said that when a stock is cheap, it is usually so for a reason....

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