DRIV - Vicor's Strong Margin Expansion Has Made A Believer Out Of Me

• I've been dead-wrong on VICR since my initial Seeking Alpha coverage started in September of last year with a "Neutral" rating.
• I kept thinking the stock was overvalued and I could wait for a better entry point. There were a couple of opportunities, but I missed them.
• Vicor manufactures a compelling line of proprietary modular power solutions. Sales have been strong of late. With recent margin expansion, the company itself has become a power-house.
• Vicor has disrupted the power distribution market, has a strong balance sheet, and a bright future for years to come. It has proven it deserves a premium valuation.
• As a result of the demonstrated high margins, and the dynamic markets VICR participates in (EVs and HPC - just to name two), I am upgrading the stock to "Bullish".

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