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

QLogic Relative Mispricing Still Exists, Turnaround On Track

In a series of articles designed to bring to light my best, alpha-generating ideas for investors looking to significantly outperform the broader markets, I recently wrote about QLogic (NASDAQ:QLGC). This is a beaten down networking hardware play that has frustrated investors for some time, as the top and bottom lines have deteriorated over the last couple of years. However, as I wrote in my initial alpha-rich piece, this is a special-situation with the following attractive characteristics:

    Near a multi-year low CEO recently resigned, which opens the door to new, perhaps better suited, management (this can drive sentiment up) The company underwent significant restructuring to help trip costs to ultimately bolster the bottom line The company is on the ...
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