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

Vicor Is Turning The Corner

After two years of declining revenues, margins and earnings, Vicor Corporation (NASDAQ:VICR) is turning the corner. New product launches, stability in the broader economy and low valuation makes the company an interesting comeback story.

Vicor suffered due to cancellation of some high profile projects, legal issues, over exposure to defense markets and tough competition. Now, improving revenues and a well-diversified business with high fixed costs should generate a high operating leverage.

The business seems well positioned for a strong second half on the back of new products and new distributor relationships. Leading indicators like Turns revenue, design activity and bookings are suggesting the same. BBU division is also scheduled to come out with new products, with the chip...

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