From the Desk of Irwin Michael – March 11, 2016

Two ABC Funds’ favourites include technology companies, Skyworks Solutions and Broadcom. Skyworks and Broadcom both reported excellent Q4 2015 results as revenue and earnings both beat analyst expectations. We believe that the radio frequency (RF) chip companies are very inexpensive, particularly Skyworks and Broadcom. Both companies have promising outlooks, impressive free cash flow, and strong balance sheets. Moreover, Skyworks and Broadcom have positive catalysts including the impending release of Apple’s iPhone 7 and the growing theme of the “Internet of Things”. In the interim, Skyworks and Broadcom are growing their operations and revenue, offering excellent value in the current market.

Irwin A. Michael Signature

Irwin A. Michael, President
I.A. Michael Investment Counsel Ltd.

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