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

Chipmos: Shares Have Over 100% Upside And Near-Term Catalysts

When we come across a stock with a 25%+ free cash yield, we take a look. When we find that it is well positioned for growth, has announced an upcoming buyback, has stated business is improving off a seasonal bottom, and is simplifying its corporate structure (making a future buyout more likely), we feel like the cat that has swallowed the canary. We have written previously about ChipMOS (NASDAQ:IMOS) but in light of its recent 4Q earnings report, and the positive outlook from Micron (NASDAQ:MU), its 2nd-biggest customer, we thought it timely to revisit the story as this is likely the last opportunity that investors will have to buy shares at over a 50% discount to...

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