VACNY - Advanced Energy Industries Needs To Reassure The Street And Rebuild Sales Momentum

• AEIS had a mixed fourth quarter, with better revenue and weaker margins, and guidance doesn't suggest improvement until the second half of 2022.
• The biggest concern for me remains evidence of potential share loss, with other comparable companies showing strong results in the same (or similar) semiconductor markets.
• AEIS isn't a lost cause, but the Street will need better revenue and margin performance to reconsider the name; making the undervaluation here a potential value trap in the near term.

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