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indie Semiconductor: Irrational Dip

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  • indie Semiconductor sold off despite strong quarterly earnings, leaving the stock stuck below $10.
  • The company forecasts maintaining 100% growth, yet the stock still appears in the penalty box due to the SPAC transaction.
  • The stock trades at only 4x forward sales, which is similar to slow growth mega-cap semiconductor stocks.

indie Semiconductor (NASDAQ:INDI) had a bizarre sell-off following another great quarterly earnings report. The Autotech semiconductor company continues growing revenues at a 100% clip, but the stock remains stuck below $10. My investment thesis remains ultra Bullish on indie now trading at only $7.50 following the post Q2 selloff.

Read the full article on Seeking Alpha. 

Disclosure: No position mentioned. Please review the disclaimer page for more details. 

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