So I am now out with -50% at $SMCI (-7,11%)
Should someone print T-shirts with:
Wirecard 2.0
Messaggi
17So I am now out with -50% at $SMCI (-7,11%)
Should someone print T-shirts with:
Wirecard 2.0
$SMCI (-7,11%) Now the customers are running away and $NVDA (+1,54%) has restricted deliveries to $SMCI limited https://www.fool.com/investing/2024/11/12/dont-touch-super-micro-computer-stock-unless-this/
Painful loss realization after the
debacle at Super Micro Computer.
I was actually super optimistic about the
company, but given the serious allegations and difficulties with the auditors, I'd rather say goodbye to the position.
Turn-around bets don't really fit my strategy and the strong growth will be difficult to continue due to the loss of trust from investors, lenders, customers and suppliers.
Now I can only hope that they don't introduce a new auditor tomorrow and clear all the accusations out of the way😂
$SMCI (-7,11%) So what I understood: The SEC had sent a letter setting the deadline for the 10-K filing as Nov. 16. $SMCI is now seeking to extend the deadline by 180 days from the actual 10-K date of Aug 2024 to Feb 2025 due to extraordinary events. Termination from EY. Remains exciting 😃
$SMCI (-7,11%) I bought more yesterday at around €19.
Buyin was originally at 39€, do you think it was smart to reduce the loss?
Supermicro Q1 FY2025 Preliminary Financial Update & Special Committee Report $SMCI
$SMCI (-7,11%)
Preliminary Financial Highlights:
• Net Sales: Expected between $5.9B and $6.0B, below prior guidance of $6.0B to $7.0B
• GAAP & Non-GAAP Gross Margin: Approximately 13.3%
• GAAP Diluted EPS: Projected at $0.68 to $0.70, up from prior guidance of $0.60 to $0.77
• Non-GAAP Diluted EPS: Expected at $0.75 to $0.76, compared to previous guidance of $0.67 to $0.83
• Adjustments: Non-GAAP figures include stock-based compensation adjustments of $50M, net of related tax effects of $17M
• Cash & Debt: Total cash of ~$2.1B and total debt of ~$2.3B, with $0.6B in bank debt and $1.7B in convertible notes
Q2 FY2025 Guidance:
• Net Sales: Anticipated between $5.5B and $6.1B
• GAAP EPS: Forecasted at $0.48 to $0.58
• Non-GAAP EPS: Estimated at $0.56 to $0.65, assuming a tax rate of ~15% and diluted share count of 648M
Special Committee Investigation Update:
• Outcome: No evidence of fraud or misconduct by management or the Board
• Recommendations: Series of remedial actions to enhance internal governance and oversight
• Report: Full findings expected within a week
Form 10-K & Nasdaq Compliance:
• Filing Delay: Form 10-K for FY2024 remains pending; initial deadline was August 29, 2024
• Nasdaq Plan: Company received non-compliance notice; has until mid-November to file or submit a compliance plan, potentially extending to February 2025
Traders' Takeaway:
• Although Q1 net sales fell short of earlier guidance, EPS exceeded initial projections, showing profitability management.
• The Special Committee’s report clears management, adding credibility amid governance enhancements.
• Q2 guidance reflects stability, but Supermicro’s compliance delay with Nasdaq remains a watch point for potential listing risk.
Congratulations to all those who have shorted Wirecard in the last few days, I mean $SMCI (-7,11%) shorted Wirecard.
$SMCI (-7,11%) So I'm out now too. Until now, I still believed in the company and thought that it would bounce back or recover. But one bad news follows another. It's all right now... Losses hurt. But you should limit losses and not let them bottom out. - 68 % is enough I think 😬
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