Smci and DOJ
Finally everything starts to look good. As long term investor I’m of course happy. I have always believed in this company and its business. The stock is heading back toward $52 where it was in May but it was so frustrating to see it falling the following June even though the guidance was already good. The management seems to be at times inexperienced but the company had such a fast growth that probably it takes time to get organized at a higher level. The company is still in the hands of its founder. Earnings, P/E, margins, EPS, guidance, accounting and filings issues seem to get better. In my opinion the export rules violations are nowadays the only dark areas. I have no idea when the trial will start and I don’t understand why few unfaithful employees / officers didn’t plead guilty trying to negotiate with DoJ. They are jeopardizing the lives of all people working for this company damaging its shareholders. I mean they smuggled servers removing labels using hairdryers. Come on. I’m probably very naive pretending ethical behaviors. Despite all the drama of the past few years I’m holding and increased my stake.
Let me know your thoughts.