Valuable Insights
Long/short equity, special situations, value, tech

ChipMOS: Catalysts Plus Excess Capital Should Drive 50% Upside

(Editors' Note: ChipMOS reports earnings on Wednesday, May 14, before the market opens).

There are times as an investor when one feels they are living in the film Groundhog Day. Such has been our experience with ChipMOS (NASDAQ:IMOS), which we have written about multiple times over the last several years. Seemingly, on an annual basis, shares pull-back, creating a compelling entry point. The 14% sell-off from recent highs, coupled with a rise in shares of ChipMOS Taiwan (8150.TW) has created such an opportunity. At current levels, we believe shares offer a compelling risk/reward profile and also offer near-term catalysts, starting with earnings on Wednesday. ChipMOS shares are cheap on a relative and absolute basis (double-digit...

Join Seeking Alpha PRO to read this archived article and 11,574 other archived articles
  • Access Top Ideas, chosen by Seeking Alpha’s editors
  • Filter long and short ideas by market cap and sector
  • Get Coverage of over 5,000 stocks, many of which have little or no coverage elsewhere
"In just the first month of using PRO, I used it to generate two ideas which were actionable for me. As a result of these two positions, I have earned more than 20 times the annual subscription costs for PRO." Michael Yagemann, Greenbridge Capital
"I am pleasantly surprised with the scope of small and mid-cap coverage PRO offers. You can't find that any where else." Patrick Rice, Mainstay Capital Management
100% Satisfaction Guaranteed
Money back guarantee. Seeking Alpha PRO members receive a no-questions-asked refund for membership on months paid and not used. Details