Taiwan Semiconductor Manufacturing Company Limited (TSM): A Bull Case Theory

We came across a bullish thesis on Taiwan Semiconductor Manufacturing Company Limited (TSM) on Capitalist Letters’ Substack by Oguz Erkan. In this article, we will summarize the bulls’ thesis on TSM. Taiwan Semiconductor Manufacturing Company Limited (TSM)'s share was trading at $211.50 as of Jan 17^th. TSM’s trailing and forward P/E were 34.41 and 24.04 respectively according to Yahoo Finance.

[caption id="attachment_1208077" align="aligncenter" width="768"] A worker operating a robotic arm in a semiconductor manufacturing facility.[/caption]

Taiwan Semiconductor...