Actionable news
0
All posts from Actionable news
Actionable news in AAPL: Apple Inc.,

MagnaChip: An OLED Diamond-in-the-Rough, Says Inflections Consulting

Over the transom the other day came in intriguing, detailed note on MagnaChip Semiconductor (MX).

Magna is a South Korea-based maker of analog and mixed-signal chips that perform a variety of tasks in smartphones, tablet computers, and TVs, and whose wares could play a crucial role in the move by devices increasingly to organic light-emitting diode technology, or “AMOLED,” in their displays. That could put the company in the league of popular component makers like Universal Display (OLED), I would imagine.

The report, which is a strong endorsement of the company and its technology, is authored by John Henderson, who runs the boutique research house Inflections Consulting, and who advises institutional investors on a subscription basis with his reports.

As Henderson explains it, MagnaChip, which came public in 2011, was initially well received, but it then had a bumpy ride. Its stock price dropped by as much as 66% from the IPO price to a low of $5, before surging back, but then dropped again after a revelation in 2015 it had accounting issues.

Henderson makes the case that new management, particularly CEO...


More