Forget Cypress Semiconductor, Buy Alphabet Instead
In June 2019, Cypress Semiconductor (NASDAQ: CY) announced that it was being acquired by Infineon (OTC: IFNNY) for $23.85 per share. The deal still hasn't been finalized but could go through any day now. As of this writing, Cypress stock is trading at $23.41 -- meaning there's only about 2% upside from here.
A 2% short-term return isn't worth it when there are plenty of other top stocks for investors to chose from. But maybe Cypress' business is something you're excited about, and you're sad to see it be acquired. In that case, here's why you should consider buying Alphabet (NASDAQ: GOOG)(NASDAQ: GOOGL) instead.
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Source Fool.com
