Thursday, March 10, 2016

InvenSense: Not All Apple And Samsung

InvenSense trades near lows as the smartphone market weakens and primary customers shift premium focus.
Opportunity outside of smartphones continues to provide a potential catalyst for the next rally.
The stock is too cheap with an enterprise value dipping below $600 million.
Ever since going public at the end of 2011, InvenSense (NYSE:INVN) has seen their stock spend a considerable amount of time retesting the $10 level. The motion sensing technology leader continues to struggle to move from a level of developing a market into consistent and profitable growth due to binary decisions with big customers.
 Read the full article at Seeking Alpha.

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

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