Snap up this undervalued tech stock

This US-listed company enjoys an 80% share in its biggest market. Profits are rising, and the company is growing fast. But investors are giving it a wide berth. David Fessler explains why they're wrong.

Look at the appliances you have in your home and you'll find a common denominator among them: whether it's the refrigerator, washing machine, dishwasher, or air conditioner, modern society is dependent on all kinds of electric motors.

But it's not just big-ticket items that require motors. Thanks to advanced technology and rare earth 'super magnets', motors have drastically shrunk in size. And these miniature motors have significantly transformed the way we live.

Subscribe to MoneyWeek

Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Get 6 issues free
https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748.jpg

Sign up to Money Morning

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Sign up
MoneyWeek

MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.