Gary Cheng

Sierra Wireless Has Substantial Upside Potential In A Rapidly Growing M2M Market

Investment Thesis:

Sierra Wireless (NASDAQ:SWIR) is the global leading supplier of cellular M2M (machine-to-machine) modules. The cellular modules developed by the company enable machines to connect with each other through cellular networks operated by major wireless carriers. Sierra Wireless has a strong competitive advantage and a solid portfolio of products with advanced technological know-how. The company is well-positioned to capture growth opportunities of a rapidly growing M2M market to increase market share and improve margins. Based on my analysis and estimation, Sierra Wireless's stock price has substantial upside potential, possibly reaching the low $20s in 2015, while risk may be limited from the current level of $13.40. The table below summarizes the three scenarios considered in my model....

Join Seeking Alpha PRO to read this archived article and 11,574 other archived articles
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