Post by
retiredcf on Jan 16, 2023 8:05am
Another Reaction
The quarter was good and guidance was raised. Investors are worried about rising inventory but the company of course knows its business, and has specifically built up inventory in anticipation of growth. One of these views will be wrong and inflation has also crept into margins. We might wait a few days for things to settle before buying more but think the long term growth story here is very much intact. We have some faith in management knowing their end markets and while there is some inventory risk if we see a deep recession, with an expected growth rate of over 30%, we think the company remains on track. (5iResearch)