• The company is producing an impressive change in strategy, concentrating resources and attention on higher margin business like OLED display drivers.
• The strategy change is already paying off pretty dramatically.
• We think there is upside in the shares, as the cost of the strategy change will fade and some headwind might also wither, while the improvements are likely to last.

Source: MagnaChip’s Impressive Strategy Change Delivers – MagnaChip Semiconductor Corporation (NYSE:MX) | Seeking Alpha