Sensing Profits in This Tiny Tech Innovator
In our last May update on our favorite microelectromechanical machine fabricator, we recommended buying shares into the then current weakness. That's turned out to be a very good idea, with shares turning in a 42% gain since then.
But we have good reason to believe there's more to come for this innovative company. The motion sensor maker has engaged in a mysterious inventory buildup while remaining remarkably tight-lipped regarding who the customer for this record amount of inventory will be. Rumors have been flying that Apple, which requires its suppliers to keep quiet ahead of a major new product release, will be the destination for millions of tiny multiaxis sensors in the next version of its iPhone.
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