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Strategies & Market Trends : Value Investing

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Sean Collett

To: Sean Collett who wrote (75173)	2/21/2024 9:43:46 PM
From: Sisyphus	2 Recommendations Read Replies (1) of 78778

Hi Sean, No. I got stopped out at 848 and change on 2/16. Once it hit a grand a share, it felt too much like a gift horse so I put on a stop sell. I did the math and realized that if I took the proceeds and my portfolio remained flat for the remainder of the year, I'd be more than happy with the IRR. Knew about the offering when it happened and determined that I'd probably do the same. Yes, saw the convertible news today. Have mixed "feelings" about this company/security, as I generally favor growing world-class companies with a superior "franchise value." Not sure if SMCI meets these criteria. Over the last 11 quarters, it generated a cumulative operating profit of a negative $37mm: Thus I'm hesitant to reenter for a long-term position and I'm not a trader, but I do find its near-term prospects and market position extraordinarily compelling. Sisyphus

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