Professional
Added to YB: 2024-12-09
Pitch date: 2024-12-05
SYM [bearish]
Symbotic Inc.
-117.22%
current return
Author Info
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Company Info
Symbotic Inc., an automation technology company, develops technologies to enhance operating efficiencies in modern warehouses.
Market Cap
$9.5B
Pitch Price
$28.28
Price Target
N/A
Dividend
N/A
EV/EBITDA
-199.67
P/E
-537.48
EV/Sales
3.81
Sector
Machinery
Category
N/A
BREAKING: SYMBOTIC DELAYED 10-K REVEALS SEC INVESTIGATION INTO WHISTLEBLOWER INTERFERENCE, NEW MATERIAL WEAKNESSES, ADVERSE AUDITOR OPINION, AND A CAP ON COSTS WALMART WILL PAY
SYM: Accounting issues raise serious concerns. Revenue recognition shift, cost overrun errors, and potential expense misclassification led to restatements and halved profit projections. Walmart capping costs, backlog quality questionable. SEC investigating whistleblower interference. Balance sheet support for backlog at historical low. Fundamental reassessment needed.
Read full article (11 min)