MaxLinear: A $4Bn Roll-Up That’s About To Roll-Over – Jehoshaphat Research
Jehoshaphat Research is short MaxLinear, Inc. (NYSE:MXL). Q3 2021 hedge fund letters, conferences and more MaxLinear: A $4Bn Roll-Up That's About To Roll-OverMaxLinear (MXL) is a semiconductor company whose shareholders and analysts believe that it is growing. In reality, MXL’s organic growth today is zero. Management has successfully covered up MXL’s long-term spiral with increasingly large and desperate acquisitions of other declining assets. This culminated in a huge 2020 deal that created a brief honeymoon period, which investors have mistaken for sustainable growth. Consensus has unwittin...