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

Amkor Technology: Dirt Cheap With Significant Growth Drivers And Strong Competitive Positioning

The most rewarding opportunities in the equity markets are those that are cheap, under-followed and under-loved, and have clear catalysts on the horizon. I believe that Amkor Technology (NASDAQ:AMKR), which trades at a mere 3.0x EV/EBITDA, represents a unique opportunity to capitalize on a number of powerful secular trends with an extremely favorable risk/reward profile. I see limited downside, as shares trade within a rounding error of book value, while at the same time expect at least 27% upside on the name as the story plays out.

What Does Amkor Do?

Amkor is one of the leading semiconductor packaging and test names. A semiconductor package is a casing (usually made of metal, plastic, glass, or ceramic) that encases...

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