MRVL - Embedded Expectations Analysis - 2020 07 02
Marvell Technology Group Ltd. (MRVL:USA) currently trades above recent averages relative to UAFRS-based (Uniform) earnings, with a 31.8x Uniform P/E. At these levels, the market has bullish expectations for the firm, and management is confident about revenue growth, their data infrastructure strategy, and their crypto offeringsSpecifically, management is confident that their custom SSD opportunity will help drive revenue growth and that their data infrastructure strategy will help exceed customers' expectations. In addition, they are confident that they are working with their automotive OEM customers to provide in-car networking and that LiquidSecurity HSM provides clients with crypto-as-as-service and cloud-hosted protection for cryptographic keys
Marvell Technology Group is a semiconductor provider of application-specific products. The company is focused on the development of System-on-a-Chip devices, utilizing its technology portfolio of intellectual property in the areas of analog, mixed-signal, digital signal processing, and embedded and standalone integrated circuits. The company develops integrated hardware platforms along with software that incorporates digital computing technologies. In storage, the company is engaged in fibre channel products and data storage controller solutions spanning cloud, enterprise, edge and personal computing markets. The company's networking products include ethernet solutions, embedded processors and WiFi connectivity solutions.
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- GAAP and IFRS have failed to provide rules for reliable financial statement reporting
- Stock analyst recommendations are not grounded in disciplined financial analysis
- Credit agencies have been set up to grossly fail in their responsibilities to investors and the public markets
- Utter lack of willingness of major research firms to employ the the most advanced forensic analysis available
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Many years later, our business model remains because little has changed on Wall Street.
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- Research firms have failed to break down the walls between credit, equity, and macroeconomic research
- The governing accounting bodies have created more leeway for mis-estimates and mis-classifications as financials have become unwieldy and overwhelming
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