- ICHR suffered major losses as a result of supply chain problems caused by COVID-19, even if guidance calls for the numbers to improve.
- The stock has rebounded after a long decline, but the stock could reverse itself with supply chain issues still lurking out there.
- While ICHR still trades at lower multiples than its high-profile customers, the gap has shrunk due to earnings revisions.
- The stock could move in either direction short term due to the uncertainty associated with COVID-19, making betting in either direction a risky move.
For further details see:
There May Or May Not Be Opportunity In Adversity For Ichor Holdings