MPWR - Why Monolithic Power Systems Is Not Going Anywhere Even Though The Numbers Look Great

• MPS continued its string of strong quarterly growth when it grew revenue and earnings by more than 50% in Q1 and a forecast calling for more.
• The stock has ignored the numbers as it continues to struggle, something that can be explained even if it seems unwarranted at first.
• Multiples for MPS are a lot higher than the competition due to superior growth, although that growth could be a lot weaker than it appears to be.
• MPS should be okay in the long run, but the stock may have to wait out the distortions caused by inventory building.

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