5 Comments

I am more of a business side and not technical. I did some more research on GFS, at a decent valuation they have a good chance to be in line behind Samsung and TSMC. Even a third in line in this business all bad. Key is how fast they lose value in a glut OR how do they use the current momentum to build a company that will reinvent before the glut. You cannot buy and forget this name. But you can have a decent ROI in next 24 months.

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Good write up. I have also reviewed the quarterly transcript. I don't see them going gang busters, however the timing is in their favor, with all the euphoria in the semi's demand/supply saga, they can run on full utilizations and pay for a lot of their capex and build capacity in the current bull. It will be interesting to see how they execute once there is a glut of chips, which will eventually happen. The future of semis is undoubtedly bright and it will compete with the top 2 TSMC and Samsung, they could build themselves a good niche customer base, execution and balance sheet discipline could be the key here. I would go long at a valuation in low 20B's.

When do you think INTC could catch up with them?

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Great Write up

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