- OIIM easily beat EPS estimates by a wide margin, but revenue growth was slightly below consensus.
- The stock lost steam after the slight miss, causing it to surrender some of the big gains it has made in the last 12 months.
- Multiples are not where they used to be, but OIIM is still surprisingly affordable for a stock that has gained over 500% with growth expected to pick up.
- Long OIIM is still warranted as none of the underlying factors that have enabled the stock to do well have gone away.
For further details see:
Up Looks To Be The Path Of Least Resistance For O2Micro International