Investment Thesis
Synaptics Inc. (SYNA) or "the Company" has faced secular headwinds exacerbated by the ongoing trade war. As of late, the Company has recovered quite dramatically along with a broader market uptick, but is it sustainable? In the following statements, I outline why it's prudent to be cautiously optimistic while having reserved expectations for a business that has largely failed to deliver on key strategy. In short, I would continue to expect SYNA to lag the broader market and semiconductors space. In order to expand on this thesis, it's important to capture