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INDI - indie Semiconductor: Burning Cash And Taking Names - Not Mine
indie Semiconductor Inc.
2024-06-28 14:44:03 ET
Summary
Despite indie Semiconductor, Inc.'s strong design win momentum, paying 4x this year's sales for a cash-burning business with uncertain outlooks isn't exciting enough for me.
The deceleration in automotive semiconductor market growth adds to my belief that the potential upside is limited.
I believe that indie Semiconductor stock is already fairly valued.
Investment Thesis
Here's the punchline: indie Semiconductor, Inc. ( INDI ) is a stock that, I believe, is fairly valued....