Overlooked Alpha

Overlooked Alpha

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Overlooked Alpha
Overlooked Alpha
This Chipmaker Is Getting Back On Track
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This Chipmaker Is Getting Back On Track

An aborted takeover is in the past. For many reasons, the future looks promising

Wall Street and Main
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Joe | 3MB
Nov 13, 2023
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Overlooked Alpha
Overlooked Alpha
This Chipmaker Is Getting Back On Track
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Highlights:

  • An 18-month takeover process ended in the most stunning way possible.

  • With the deal finally in the rearview mirror, investor attention is turning back to the standalone business — which looks headed for a cyclical swing higher.

  • Optionality from arbitration adds more potential upside, as does the reinstatement of the dividend and a potential share buyback.

  • The stock can move higher on its own, with legal wins adding to potential returns.

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