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Technology Stocks : Special Situation Investments
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From: Paul H. Christiansen10/14/2021 8:31:09 AM
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Smart Global Holdings (SGH) hit the trifecta this week. After the close on Tuesday SGH released their quarterly report . . . year-over-year quarterly revenues increased by 57.5%.

Yesterday the market rewarded that performance with SGH closing at $51.72, up $7.91 or 18% on volume of 3,626,037 which was 580% higher than average.

The Motley Fool offered this explanation for that performance:

“Guidance for the quarter now underway bolstered today's bullishness. SMART Global foresees revenue of between $440 million and $480 million for the first quarter of fiscal 2022, setting the stage for operating earnings of between $1.80 and $2.20 per share. Analysts are only collectively calling for a top line of $458.6 million and a consensus profit of $1.49.

Despite yesterday's report from TrendForce suggesting dynamic random-access memory (DRAM) prices are apt to fall in the foreseeable future, fans and followers of SMART Global Holdings aren't deterred.

And rightfully so. The generalized DRAM (and NAND) memory markets may be saturated and headed into a glut. But SMART Global's highly specialized solutions are custom-built for the unique needs of the Internet of Things market or the modular memory needs of data center operators. In either case, this tech company enjoys relatively modest competition and above-average pricing power. It also enjoys persistent demand, addressing must-have markets like enterprise networking and military applications.”

Great performance, but if you visit the company’s web site you will discover something very odd for a publicly trade stock . . . there is no Investor Relations section.
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