Out Fox The $treet

Looking for a portfolio of ideas like this one? Members of Out Fox The Street get exclusive access to our subscriber-only portfolios.  Learn More » Updated - Dec. 4 indie Semi. got crushed from a convertible debt offering. The auto tech company didn't need the cash. This dip is insane.  -indie Semiconductor (NASDAQ:INDI) said on Monday that it plans to offer, subject to market and other conditions, $175M aggregate principal amount of its convertible senior notes due 2029, through a private offering to institutional buyers. -indie expects to grant the initial purchasers in the offering an option to purchase up to an additional $26.25 million aggregate principal amount of notes. Original article posted on Nov. 24  indie Semiconductor faced a tough 2024 but is poised for significant growth in 2025 and beyond, driven by EVs and AVs. The company has a strategic backlog of $7.1 billion, focusing on vision and radar for ADAS, in-cabin experience, and electrification. indie Semic...

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. 

  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. Read the full article on Seeking Alpha.  Disclosure: No position mentioned. Please review the disclaimer page for more details. 

  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 pul...