Apr. 15 at 2:32 PM
$SMCI Bull run is losing steam. Reality check: 1. Company has accounting issues, which equals SELL;
2. One of the most prestigious accounting firms walked away from them, which equals SELL;
3. They were delisted once for a long period of time, which equals SELL;
4. They rehired the people that contributed to their first delisting, which equals SELL;
5. Those same people have now brought the company into a new scandal involving crime and treason, which equals SELL.
6. Their products are nothing that
$DELL,
$HPE and Foxconn cannot replicate, as a matter of fact they already did and have taken market shares, which equals SELL;
7. The valuation models show this stock to be closed to its peers so there is no multiple expansion without earnings growth which is been terrible lately due to margin contraction, which equals SELL;
8. This company is extremely concentrated with 2-4 clients and extremely concentrated into one product, AI servers, unlike DELL, HP and Foxconn, which equals SELL;
