Silicon Motion (SIMO) is a name that I have written about on a number of occasions, with my most recent bullish piece published just a day before the company pre-announced revenues for the quarter coming in lighter than expected. Interestingly enough, shares now actually trade slightly higher than when my piece was published after minimal impact due to the revenue shortfall. The pre-announcement and following price-action actually strengthened my thesis, which gives me further confidence that once the near-term headwinds subside, the shares should see dramatic upside.
Embedded Flash Controller Sales Continue To Be Robust
Consider the following from the pre-announcement,
In the second quarter, we saw demand for our embedded controllers (eMMC) exceed
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