Lumentum Holdings: No Issues Achieving Quarterly Revenue Target
Lumentum(LITE) Seeking Alpha·2024-10-02 05:34Following my coverage on Lumentum Holdings (NASDAQ: LITE ) in Feb'24, which I recommended a buy rating on due to my expectation that the inventory headwind was not a structural issue and that the long-term growth outlook remained I take a fundamentals-based approach to value investing.I disagree with the common misconception held by many investors that low multiple stocks must be cheap. I look for companies that offer the best long-term durability at the most affordable prices. Consequently, I have a propen ...