indie Semiconductor: Riding Auto Megatrends Higher
- indie Semiconductor reported another strong quarter with revenues surging 74% YoY.
- The GEO acquisition adds a strong automotive camera business for an initial payment of only $180 million.
- The stock is cheap at 3x forward sales.
- This idea was discussed in more depth with members of my private investing community, Out Fox The Street. Learn More »
indie Semiconductor (NASDAQ:INDI) continues to prove that not all SPACs were bad. The Autotech company reported another solid quarter to end 2022, as the company rides the auto megatrends. My investment thesis remains ultra Bullish on the stock, even after the rally back to the $10 SPAC price.
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