$STMicroelectronics (STM.US)$ It has one of the best balance...
$STMicroelectronics (STM.US)$ It has one of the best balance sheets — minimal long-term debt, large tangible book value.
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I am 102702622 : I am not sure if their book value is accurate. STM has alot of old machines still in use. Those machine could already be worth nothing
韭菜变主力 OP I am 102702622 : Yes, that’s in property and lease stuff. Their capx appears to decrease from now on with minimal debt. Big capx in 2024 to scale up 300 mm silicon and 200 mm silicon carbide. Consistent positive free cash flow appears possible during this downturn, perhaps except for 1H 2025.
韭菜变主力 OP I am 102702622 : Btw, I don’t think it’s a good time to buy this thing yet as I think it’ll continue to be weak. The market anticipates worsening conditions entering 2025.
I am 102702622 : From the technical point of view, I think the drop in price has been quite drastic. I am expecting a nice bounce from here to $40 maybe