RNECF - Renesas Electronics Corporation: What To Make Of The Acquisition Spree
2024-06-12 10:50:48 ET
Summary
- The stock has done better lately after a long pause, but there is reason to believe resistance is near, although support can also be found.
- Renesas continues to acquire companies at a premium, but the end result of all these acquisitions remains up in the air.
- The acquisitions will be financed through bank loans and come at a time when Renesas is feeling the impact of a drop in demand.
- Renesas appears to be pursuing the path of growth through acquisitions and there is something to be said about such a strategy.
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Renesas Electronics Corporation: What To Make Of The Acquisition Spree