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Strategies & Market Trends : Value Investing

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Harshu Vyas

Sisyphus

To: Harshu Vyas who wrote (75176)	2/22/2024 9:48:51 AM
From: Sean Collett	2 Recommendations of 78783

<< Wonder why they didn't do a "dotcom" and just issue more equity?>> As I noted they already issued more equity in December of 2023. They had an offering of common stock on December 5th and issued 2.4MM shares at a price of $262 a share where they received $582.8MM for this offering. I don't blame SMCI either, strike while the iron is hot. Was more curious if Sisyphus held on giving how fast this thing rose and then the equity offering + convertibles were some red flags especially given how much the share price has risen in a short time. Either way a nice win for Sisyphus while he held with somewhere in the 600% gain range. A nice Peter Lynch multi-bagger stock. -Sean

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