TXN - The Case For And Against Monolithic Power Systems

• MPWR continues to grow revenue and earnings at a rapid clip, comps notwithstanding, although there are some signs of a softening in demand.
• The stock is moving up within a clearly defined ascending channel, which is a powerful argument in favor of long MPWR.
• Multiples for MPWR continue to increase as the stock flies higher, resulting in a big gap between MPWR and its competitors.
• There’s a valid case to be made to stay long or to stick to the sidelines, depending on what your priorities are.

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