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 ...
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