- MPS continued its string of strong quarterly growth when it grew revenue and earnings by more than 50% in Q1 and a forecast calling for more.
- The stock has ignored the numbers as it continues to struggle, something that can be explained even if it seems unwarranted at first.
- Multiples for MPS are a lot higher than the competition due to superior growth, although that growth could be a lot weaker than it appears to be.
- MPS should be okay in the long run, but the stock may have to wait out the distortions caused by inventory building.
For further details see:
Why Monolithic Power Systems Is Not Going Anywhere Even Though The Numbers Look Great