The analyst took a long position on Wafer Works (6182), believing the $550M market cap was undervaluing the company as a top semiconductor wafer supplier with unique expertise.
Wafer Works is one of the world's top 10 semiconductor silicon wafer suppliers and a top 3 global leader in heavily doped silicon wafers with proprietary methods, making the $550M valuation too cheap.
Did I successfully call the bottom on Wafer Works? Up 15% already since I posted my thesis 4 days ago. $550M seemed too cheap for: > one of the world's top 10 semiconductor silicon wafer suppliers e.g. Epi and polished wafers > one of the top 3 global leaders in heavily doped silicon wafers (they have secrets over how to do it properly) Just seemed too good to be true.
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