Qualcomm: Plan B

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About: QUALCOMM Incorporated (QCOM), Includes: NXPI
by: Stone Fox Capital
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Stone Fox Capital
Long/short equity, growth at reasonable price, research analyst, Deep Value
Summary

Qualcomm has a simple plan to overcome a disappointing outcome to the NXP Semi. acquisition.

The CEO recently suggested utilizing stock buybacks of up to $30 billion in a Plan B scenario.

The stock trades at less than 10x predictable FY19 EPS estimates under either plan.

The key to a stock rally is moving forward with either plan.

Qualcomm (QCOM) enters the final few days to get Chinese approval for the NXP Semi. (NXPI) deal. The company has promised to finally walk away. The wireless tech giant has a