Stephen Rosenman
Long/short equity, deep value, special situations

MA-Com Technology: Good For Both Long Term And A Trade

MACOM (NASDAQ:MTSI), an RF/microwave designer and manufacturer for wireless and wired applications, is about to enter a virtuous circle: Management is promotional; the business is strengthening; and the analyst community is convinced of the turn. After falling 10% from its 2012 IPO price, the stock has reached an inflection point with a risk/reward that favors a 15 to 35% share appreciation over the next 6 months with additional opportunities for active traders to take advantage of easy to spot attractive entry points along the way.

There are catalysts galore:

- Strengthening end markets

MACOM sells into automotive space, primarily GPS and driver's assistance, with Ford the key customer. Automotive has been so strong that MACOM made it a...

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