Darspal S Mann
Long/short equity, growth at reasonable price, special situations, deep value

Time To Put A Solar Light On Intevac

Intevac Inc. (NASDAQ:IVAC) investors are cheering relatively decent quarterly results and stock buyback program but this is just the beginning as there are numerous catalysts ready to take the stock much further.

Leading indicators for the business are pointing that end markets are at cyclical trough and manufacturers should start to work on capacity expansions. For highly cyclical capital equipment stocks, the best time to look is when orders are just starting to flow in and looking at some of the data points, the company seems at the start of a new growth cycle especially with

  1. Order backlog at multi-year highs.
  2. Gap between solar panel market demand and "relevant" manufacturing capacity is shrinking
  3. Strong growth in enterprise storage
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