- The charts have been leaning bearish for quite some time and they appear to have made a turn for the worse in recent days.
- Earnings are expected to take a dip after a record-setting quarter, but there is reason to believe a rebound is not that far away.
- Multiples for AMKR are arguably already too low and they will only get lower the more the stock keeps declining.
- The stock is likely heading lower in the short term, but valuations in combination with a likely second half rebound makes long AMKR worth it.
For further details see:
Amkor Technology: The Pros Outweigh The Cons