"We do not tolerate losing." - Cypress Semiconductor Core Value No. 1
It is my belief that the recent drop in shares of Cypress Semiconductor (CY) in the wake of its FQ3/FQ4 warning represents a very compelling entry point for investors. While it is likely that the story will remain challenging in the near term, the downside risk at current levels is significantly mitigated by the fact that there is very little room for negative surprise for FQ4 coupled with a dividend yield of 4.83%. In addition to what looks to be very limited downside, there is room for upside surprise to the tempered FQ4 estimates. Finally, even if FQ4 plays out in-line with current pessimistic expectations,...
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