Analog Devices, Inc.
ADBE
position
long
Wilmot Kidd and John Hill, Central Securities
Thesis
We believe Analog Devices is undervalued following its acquisition of Linear Technology, which initially caused the stock to decline. The market's perception of it as 'dead money' due to regulatory delays presents a buying opportunity, especially as we anticipate significant cost synergies and improved cash flow per share over time.
Did it work?
inconclusive
confidence: low
Without specific price performance data or a defined time frame since the pitch, it's difficult to assess whether the thesis has played out. The anticipated cost synergies and improved cash flow per share are potential catalysts, but without evidence of their realization or the stock's performance, the outcome remains uncertain.
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