MPWR - Monolithic Power Systems Could Still Be Ahead Of Itself

• MPS added over 50% YoY growth in revenue and net income to a long list of quarterly gains, which is significantly faster than before.
• MPS pointed out its quarterly numbers got inflated due to several factors, implying real demand is not as strong as what the headline numbers suggest.
• The possibility of some sort of correction down the road hangs over MPS with some companies in China needing to digest an undetermined amount of excess inventory.
• MPS looks fine in the long run, but it's likely to be hampered in the short term by the fact that it has gotten ahead of itself.

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