SILC - Meyers: Silicom Offers An Opportunity To Profit From Recency Bias

Silicom (SILC), burned by a last-minute cancellation of a project with IBM in 2018, saw its stock cut in half from 70 to 35, Jeff Meyers of Cobia Capital told Real Vision’s Trade Ideas.

Meyers said the stock still remains in that range, as investors have been reluctant to give credence to design wins that Silicom is announcing now.

However, two design wins lined up for 2020 and 2021 promise to drive growth and increase profitability, and Meyers thinks the stock will rally accordingly, with the potential for the stock to double over that period.

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