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MagnaChip Transforms Into Something Better

September 7th, 2020 · No Comments

  • The company is concentrating on its display driver and power business, divesting from its foundry business. Demand for its OLED drivers is booming.
  • This greatly improves the balance sheet, eliminates interest payments, and reduces CapEx needs.
  • The company’s positive cash generation, underappreciated by investors, we feel, is likely to increase as a result. The shares are fairly cheap.

Source: MagnaChip Transforms Into Something Better (NYSE:MX) | Seeking Alpha

Tags: MX