Silicon Motion Technology [Part 2]: A Cheap Stock Primed For GrowthRupert Hargreaves
You can find part one on Silicon Motion Technology Corp. (ADR) (NASDAQ:SIMO) here.
Part one summary: Silicon Motion Technology Corp. (ADR) (NASDAQ:SIMO) appears cheap trading at a forward P/E of 9.3, after stripping out cash; around half the average valuation for companies in the diversified electronics sector. On the other hand, the company is suffering somewhat of a slow-down as third quarter net income declined 39% year-on-year and revenue slipped 26%.
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