$SKHY

Explicit claim • strong conviction • basis: explicit term

To me, look, to me these names are very cheap. A Micron, a Sandis, SK Hindings, those names are cheap. Those are also companies that are still growing top and bottom lines significantly for the next couple of quarters.

Implied claim • moderate conviction • basis: explicit term

So the only upside here can come from them increasing supply and then being able to sell more. So again, they specialize in HBM. So where Micron was more a little bit across the board, Micron is beginning to lean really into HBM because they recognize the opportunity. SK is the leader. So if you're like, I want to be owning the leader, SK is the one to do. And the great thing is they are now listed and you can actually own them on American Stock Exchanges. you know, before we we didn't really have access to them outside of specialized ETFs because they were trading in South Korea. So, this has been a kind of a new development. So, that's one thing to keep in mind when I'm looking at SK's stock on the American exchange. It's trading at a little bit of a premium versus what it trades for in South Korea.

Explicit claim • strong conviction • basis: multiple relative

while trading out of forward PE of 7 versus Micron 12, which is nearly two times cheaper.

Implied claim • moderate conviction • basis: market mispricing

I actually think that we are in the later stage of this memory cycle.