Interwoven Interests: The Bear Cave's Deep Dive Into Allegro MicroSystems' Corporate Tangles
Portfolio Pulse from Michael Cohen
A new short report from The Bear Cave raises concerns about Allegro MicroSystems Inc (NASDAQ:ALGM) due to its complex relationships with Sanken Electric and Polar Semiconductor. The report questions whether transactions between Allegro and Polar are conducted at fair market rates and highlights financial losses at Polar despite Allegro's profits.
May 18, 2023 | 3:33 pm
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Allegro MicroSystems faces concerns raised by The Bear Cave report regarding its complex relationships with Sanken Electric and Polar Semiconductor, questioning the fairness of transactions and financial losses at Polar.
The Bear Cave report raises concerns about Allegro MicroSystems' entangled relationships with Sanken Electric and Polar Semiconductor. The report questions whether transactions between Allegro and Polar are conducted at fair market rates and highlights financial losses at Polar despite Allegro's profits. This negative news could impact investor sentiment and potentially lead to a short-term decline in ALGM's stock price.
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