Friday, July 10, 2015

InvenSense: China Is Not That Important Yet


  • InvenSense hit a new multi-year low on the back of weakness in China.
  • The company gets a decent amount of revenue from Chinese consumers, but it isn't the market leader at this point.
  • InvenSense is too cheap to pass up at these levels.
The latest selloff in InvenSense (NYSE:INVN) caps off a disappointing year in a stock that's producing record revenues. The latest drop to multi-year lows is blamed on the collapse of the Chinese stock market that has investors fearing that consumers in the growing economy will buy less tech gadgets.

Read the full article on Seeking Alpha.


Disclosure: Long INVN. Please review the disclaimer page for more details. 





No comments: