Growth Accelerates At JD
The selloff in the shares of JD.com seems like an opportunity to us. The company is still expanding at a fast pace and it generates a lot of free cash […]
Pegasystems Goes Whale Hunting
Shares of Pegasystems have pulled away from those of its main competitor in the last 12 months. Most performance metrics struggle to explain this, even if industry experts are raving […]
AI And Robots Do Not Necessarily Lead To Mass Unemployment
The US labor market has been buffeted by structural change, mostly caused by automation, leaving many people behind and fueling a populist revolt. With the advent of AI and robotics, […]
Back To The Trump Reflation Rally?
With the departure of Bannon, most of the economic agenda seems to be of a traditional Republican one, which the markets applaud. Indeed, the economic nationalism of the likes of […]
Fabrinet Deserves A Higher Multiple
A financially sound and cheap contract manufacturer hobbled by disappointing quarterly guidance. We think the sell-of is a little overdone. It seems to us investors are overlooking the share buyback […]
Electro Scientific Deserves A Higher Multiple
There is a big turnaround at Electro Scientific Industries, although much of it is already priced into the stock price. Still, we are optimistic due to a lowering of the […]
Xilinx Requires Patience For The New Growth Markets To Kick In
Solid mid single-digit revenue growth, combined with double-digit EPS growth and a good dividend yield. A solid and financially very sound company that is fairly valued. More excitement is on […]
Booming Holland
The Dutch economy is booming driven by powerful tailwinds that have a tendency to reinforce themselves. With the world economy also stronger and a eurozone recovery boosting trade, we don’t […]
Headwinds Could Easily Turn Into Tailwinds At MACOM
The familiar story of headwinds from declining demand out of China, not only for Metro/Long haul, but also a generational shift in PON from 2.5G to 10G. An equally familiar […]
Ubiquiti’s Unique Ways Provides Value
After a few quarters where growth seemed to have slowed to a crawl and margins actually declined somewhat, the perspective brightens considerably. The company delivered solid growth in the quarter […]