Todd Campbell
Long/short equity, growth, medium-term horizon, registered investment advisor

Investors May Be Under-Valuing This Semi IC Stock By 45%

It's not too often you come across a company that has a significant opportunity to grow its earnings that isn't adequately reflected in the market. International Rectifier (NYSE:IRF) may be one of the few.

Investors appear to be under-valuing the structural shifts International Rectifier has put in place as part of a reorganization to boost profits heading into the next demand cycle.

After considering the company's earnings releases, transcripts, and marketing material in relation to industry reports I've come away believing International Rectifier has positioned itself to significantly increase earnings as demand returns across its enterprise computing business and accelerates in its auto solutions segment.

Importantly, after crunching data from SEMI, the global association for semi manufacturing, its...

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