Share price dropped more than 55% since it peaked in January 2018 due to mobile market softness and management missteps.
Shares are selling at distressed prices, but the business is sound with a solid balance sheet and it is generating significant FCF.
Resumed growth and higher margin drop through in 2019 will drive prices much higher.
Tower Semiconductor (TSEM) has seen its share price declined by over 55% since it peaked in January 2018. The price decline is driven by negative YoY growth and declining profitability. The price decline