A new short report from The Bear Cave outlines serious concerns about Allegro MicroSystems Inc (NASDAQ: ALGM). Edwin Dorsey, the author of “The Bear Cave” newsletter, writes that although investors initially perceived it as an attractive opportunity, given its connections to the burgeoning electric vehicle and clean energy sectors, internal problems have come to light, despite bullish analyst sentiments.
What Happened: The Bear Cave points to Allegro MicroSystems’ most recent 10-Q filing for the quarter ending December 23, 2022 as a resource for understanding the complex issues at play. The report noted, “The company sells products to, and purchases in-process products from, Sanken. As of December 23, 2022, Sanken held approximately 51.5% of the company’s outstanding common stock.”
Sanken Electric, a Japanese semiconductor …
