12-31-2015, 05:14 AM
Another one we are watching is InvenSense (INVN), which didn't have a good year despite the Apple win, due to margin pressure
At $10.30 now (these charts are self-updating) we're also holding off, knowing that there is a firm bottom at $9:
On the one hand, they are market leader and sales are growing at an impressive clip, but on the other hand, products are getting cheaper and what they gain on sales is often wiped out by falling prices and margins. Still, we're inclined to think that margins aren't going to fall forever.