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INVN and taxes ?1
15:02 28-Dec-15
A couple of subscribers have written in to ask for comment about today's INVN movement.
Realizing tax losses for year-end seems a likely explanation. Moving out a little further, the big InvenSense-specific question for the near term is how conservative management was in guiding for share loss with Samsung. I continue to see macro concerns as a possible threat too. Of course there are plenty of long-term positives as well, but those tend to be less in focus on the final days of the tax year.