Bryan Wagman
Long/short equity, value, growth at reasonable price, industrials

Cirrus Logic: Asymmetric Risk And Reward Make This Stock A Buy

Thesis

Cirrus Logic (NASDAQ:CRUS), a company known for being one of Apple's (NASDAQ:AAPL) key suppliers, has had it fair share of ups and downs. In the past five years, the company's stock price has bounced around between about $2 all the way up to $44, with plenty of spikes and dips in between. The price currently sits at just over $25 a share. With a strategy that is geared toward stabilizing margins in the long term, along with great opportunities in the LED lighting and voice and audio areas, the company looks like it's in great shape. Also, its major "weakness" might not be as detrimental as many investors like to believe.

Company Overview And Recent...

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