Amkor Technologies: Four Reasons This Phoenix Is Rising - trackseekingalpha

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Amkor Technologies: Four Reasons This Phoenix Is Rising
Jul 23, 2009 08:05 PM UTC

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Symbol	Sentiment	Start	Return	Closed
AMKR	n/a

Via Long Investment Ideas from Seeking Alpha:

Amkor (AMKR) is a global leader in semiconductor assembly and testing services. The company offers both semiconductor companies and Original Equipment Manufacturers a complete set of microelectronic design and manufacturing services on an outsourcing contract basis, and counts many of the world's leading electronics and semiconductor companies among its more than 200 customers. A public company since 1998, this share came to my attention when it was featured among other "Phoenix" candidates who might rise from the ashes of a severely depressed stock price after excessively leveraging their balance sheet. See more on this in an excellent article by Seeking Alpha contributor Cam Hui on Feb. 24, 2009, "Are Phoenix Stocks Getting Ready to Rise?".

In the case of Amkor Technologies, the share was at only $2 on February 24th, and is now trading at $6. This Phoenix has risen, and we believe it will fly much further in the coming quarters, as the current price does not fully reflect the value of this company. Here are our reasons:

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