Friday, December 20, 2013
TSEM surpasses my expectations
In March this year I wrote that the shares were a good buy at around $1 and they then went up to $2. Today they shares doubled before the open on news that TSEM has done a very exciting deal with Panasonic. They now trade at $7. So if you had bought on my advice at $1 you would now be sitting on a seven bagger in less than 1 year. The thing is that TSEM is good at what they do and Panasonic recognized that. The shares should be doubled again but I doubt they will. Still its nice to see a prediction fulfilled beyond ones expectations.