Summary Despite legacy associations, AVGO is a well-managed company. The vision and execution of management is among the rarest in the semi industry. We expect AVGO's operational excellence to generate continued synergy from its M&A strategy. Due to complexity, we think AVGO may continue to trade at a low valuation, paving the way for lower volatility, and higher returns driven by earnings surprises.
AVGO + VMW - Value In The Rough - Part 2
AVGO + VMW - Value In The Rough - Part 2
AVGO + VMW - Value In The Rough - Part 2
Summary Despite legacy associations, AVGO is a well-managed company. The vision and execution of management is among the rarest in the semi industry. We expect AVGO's operational excellence to generate continued synergy from its M&A strategy. Due to complexity, we think AVGO may continue to trade at a low valuation, paving the way for lower volatility, and higher returns driven by earnings surprises.