TSLA
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Advanced Micro Devices
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Occidental Petroleum
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$STMicroelectronics (STM.US)$ The sales drop by 24% in 2024,...
$STMicroelectronics (STM.US)$ The sales drop by 24% in 2024, yet I haven’t heard a single layoff or some operation optimization by this state-owned company. P/S is less than 2 with gross margin about 40%, and it still has about 10% downside risk in terms of P/E. What a shame!
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I am 102702622 : This company hardly retrench staff . I think the last major layoff was during the GFC in 2008.
I am 102702622 : Operation optimisation is going on. There are plans to upgrade existing machines.
韭菜变主力 OP I am 102702622 : Yes, that is a promised saving of a few hundreads of million euros exiting 2027 — THREE YEARS from now…
I am 102702622 韭菜变主力 OP : There is also a huge fab opening next year or in 2024 in Catania. I suspect all these new fab openings in Europe and US could create a huge capacity excess in the industry and cause a major downturn.