Sunday, May 15, 2011

Magnachip: A Small Cap Semiconductor Stock Worth a Look

Ian Wyatt submits:

With the Russell 2000 trading near it's all time high, now isn't the time to buy a small-cap index fund such as the iShares Russell 2000 (NYSE: IWM). Rather, now is the time to perform thorough and extensive research to find stocks that offer attractive growth and trade at decent valuations and have been overlooked by other investors and analysts.

I have several on my watch list that I will be sharing with you over the next few weeks. Last week, I brought you DUSA pharmaceuticals (DUSA). Since writing the report the stock has jumped 11.4%. Today I'll tell you about another undervalued small-cap gem that could reward investors in the years to come.

The company is South Korean semiconductor products maker Magnachip (NYSE: MX).

According to the World Semiconductor Trade Statistics, the global semiconductor market grew ninety-six percent over the last ten years and is expected to continue to


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