Added to YB: 2024-08-28
Pitch date: 2024-08-27
SMCI [bearish]
Super Micro Computer, Inc.
+33.47%
current return
Author Info
Company Info
Super Micro Computer, Inc., together with its subsidiaries, develops and sells server and storage solutions based on modular and open-standard architecture in the United States, Asia, Europe, and internationally.
Market Cap
$20.7B
Pitch Price
$48.59
Price Target
N/A
Dividend
N/A
EV/EBITDA
21.54
P/E
27.60
EV/Sales
1.03
Sector
Technology Hardware, Storage and Peripherals
Category
special_situation
Super Micro Computer Faces Allegations of Accounting Fraud, Sanctions Evasion, and Related Party Dealings
SMCI short: Fresh evidence of accounting manipulation, undisclosed related party deals, sanctions evasion. SEC charged in 2020 for $200M+ improper revenue. Rehired execs involved in scandal. Pressure to meet quotas led to channel stuffing. Undisclosed investments in customers. Exports to Russia spiked 3x post-Ukraine invasion, violating bans.
Read full article (4 min)