Photronics, Inc.
Long

Undervalued with strong margins and market positioning

36

  • Attractive entry point: Improved margins and undervaluation make it a compelling buy
  • Pricing power: Dominates the photomask niche in semiconductors, enabling high, stable margins
  • China risk managed: Heavy China exposure, but resilient through geopolitical pressure
  • Bottom line: Well-positioned for growth; strategic moat and financial strength support a bullish view

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