Car related Semiconductors supply met
Just passing along a news headline I read last week. It said that the auto industry has finally caught up with the demand from auto-related semi chips.
Remember when GM couldn't release anymore SUV's until it found chips for the AC units?
ON Semi could've well been the supplier. But now that demand has softened, and supply is more plentiful, what does it mean for this company?
I haven't analyzed their balance sheet but I'm willing to bet there's nothing in there to make you pay up now for a semi chip company isn't in the spotlight anymore. They cater to other industries, yes, but auto is their bread and butter.
I'm not saying it's a bad company because it isn't, the macro situation just doesn't do it justice right now. What for sub $50 to buy this stock again.
Remember when GM couldn't release anymore SUV's until it found chips for the AC units?
ON Semi could've well been the supplier. But now that demand has softened, and supply is more plentiful, what does it mean for this company?
I haven't analyzed their balance sheet but I'm willing to bet there's nothing in there to make you pay up now for a semi chip company isn't in the spotlight anymore. They cater to other industries, yes, but auto is their bread and butter.
I'm not saying it's a bad company because it isn't, the macro situation just doesn't do it justice right now. What for sub $50 to buy this stock again.
Comment:
Typo - Wait*** for sub $50 before going long on this stock.