中文翻译
在我原来的 thesis 里，我提到 Landmark 当时是 38 亿美元市值，而它的 InP reactor 产能还比 $IQE 更少。 但 $IQE 虽然有负债，却有很多资产，只需要把这些资产重组到 photonics 方向上，再把资产出售做完，把资产负债表理顺，就能迎来重估。 我当时觉得涨到 10 亿美元以上是有可能的，我们拭目以待。
· 供应链分析
用 IQE 的资产负债表和光子转型解释重估空间。
涉及标的： $IQE
英文原文
In my original thesis, I cited landmark was a benchmark at $3.8B with less inp reactor capacity than $IQE. But $IQE had debt but a lot of assets, just needed to refactor all those toward photonics + finish asset sales to clear up balance sheet for re-rating. I thought 10x to $1B+ was possible, we'll see.