On Sept. 18, I offered my case for why LSI (LSI), a fabless semiconductor company that participates in a broad swath of interesting end markets, was meaningfully undervalued. Indeed, here was my concluding paragraph from the piece,
Putting it all together, even if I conservatively look for 5% long-term earnings growth from FY2013 estimates of $0.65/share, I come to a share price in the ballpark of $12/share, which would suggest 52% upside from here. While it will take several solid quarters of execution for this value to be realized, I do like the progress that the company has been making and think that a more sustained period of growth, beginning later this year and extending over
Only subscribers can access this article, which is part of the PRO research library covering 3,588 different stocks.
Growing numbers of fund managers and other investment professionals subscribe to Seeking Alpha PRO for equity research that is unavailable elsewhere, so they can: