- SIMO was weighed down by issues raised in the Q1 report, but the release of the Q2 report has put those concerns to rest.
- Q2 grew faster than expected and the raised guidance suggests that whatever headwinds are out there, they’re not strong enough to derail SIMO.
- The stock has appreciated by a fifth in recent days, but multiples are still low with a lot of growth left in SIMO.
- The stock is overbought and some may sell because of that, but hold on to SIMO as all signs indicate that the best is yet to come.
For further details see:
Silicon Motion Technology Rewards Longs By Taking Care Of Business