indie Semi: Ignore CFO Selling Shares

 

  • indie Semi guided to compelling growth in Q4'21 with strong growth forecast for the years ahead.
  • The CFO dumping 200,000 shares was less than desirable considering the opportunity in the autotech space.
  • The stock is attractively priced at only 6x '23 sales targets considering the large $2.6 billion backlog.
  • This idea was discussed in more depth with members of my private investing community, Out Fox The Street. Learn More »

The autotech sector remains in its infancy while related stocks haven't fared very well in the public markets. indie Semiconductor (INDI) recently irrationally dipped back to the lows after the CFO sold a large position. My investment thesis remains very Bullish on the stock after falling back to $12, as the backlog continues to surge.
Read the full article on Seeking Alpha. 
Disclosure: No position mentioned. Please review the disclaimer page for more details. 
Update - Jan. 28 
Another SPAC beaten to a pulp offering steep value now. 
Finviz Chart

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