- In my previous Seeking Alpha article on Vicor, I finally went bullish despite its relatively high valuation. That was just in time for a big Q3 miss.
- However, looking under-the-hood shows that the miss was likely an aberration, not as bad as it appeared to be, and the investment thesis appears to be firmly intact.
- That said, the company's relatively high valuation likely won't tolerate another significant miss in Q4. Indeed, the shares are down ~25% since the Q3 report hit the tape.
- Meantime, Vicor's book-to-bill ratio and backlog are very strong, so is the balance sheet, and EVs will likely be a primary growth catalyst for years to come.
For further details see:
Vicor's Big Q3 Miss Had Best Not Be Repeated In Q4