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Do you consider yourself a contrarian investor? For ideas on how to start your search, we ran a screen you might find interesting.

We screened the tech sector for stocks that are currently being highly shorted, with float shorts above 10%. We then screened these names for those that appear undervalued relative to the ratio levered free cash flows/enterprise value.

Levered free cash flow is the free cash flow after deducting interest payments on outstanding debt. Enterprise value is the sum of the firm's value from all ownership sources: market cap, outstanding debt, and preferred shares. Companies with high ratios of levered free cash flow/enterprise value may be undervalued by the market.

Interactive Chart: Press Play to compare changes in analyst ratings over the last two years for the stocks mentioned below. Analyst ratings sourced from Zacks Investment Research.

We also created a price-weighted index of the stocks mentioned below, and monitored the performance of the list relative to the S&P 500 index over the last month. To access a complete analysis of this list's recent performance, click here.

Do you think these stocks are candidates for a short squeeze? Use this list as a starting point for your own analysis.

1. AOL, Inc. (AOL): Operates as a Web services company that offers a suite of brands and offerings for the worldwide audience. Float short at 15.60%. Levered free cash flow at $269.26M vs. enterprise value at $1.42B (implies a LFCF/EV ratio at 18.96%).

2. Comtech Telecommunications Corp. (CMTL): Designs and produces a wide range of telecom systems and services. Float short at 10.53%. Levered free cash flow at $69.66M vs. enterprise value at $393.38M (implies a LFCF/EV ratio at 17.71%).

3. GT Advanced Technologies, Inc. (GTAT): Provides polysilicon production technology and multicrystalline ingot growth systems, and related photovoltaic (PV) manufacturing services for the solar industry worldwide. Float short at 12.97%. Levered free cash flow at $197.48M vs. enterprise value at $908.25M (implies a LFCF/EV ratio at 21.74%).

4. Lam Research Corporation (LRCX): Engages in designing, manufacturing, marketing, and servicing semiconductor processing equipment used in the fabrication of integrated circuits. Float short at 13.61%. Levered free cash flow at $408.74M vs. enterprise value at $3.39B (implies a LFCF/EV ratio at 12.06%).

*LFCF/EV data sourced from Yahoo Finance, all other data sourced from Finviz.

Source: 4 Highly Shorted Tech Stocks Undervalued by Levered Free Cash Flows