- ALGM is growing faster than it appears to be, but the pace of growth may still not be fast enough to justify its current multiples.
- There are worries real demand may not be as strong as ALGM believes it is, which raises the possibility growth could falter in the future.
- There continues to be insider selling, which puts pressure on prices and leads to speculation that scares away buyers.
- Long ALGM may pay off eventually, but that’s unlikely to happen as long as there’s so much weighing on the stock.
For further details see:
Allegro MicroSystems Is Down For A Reason