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None of that detracts my point. The company's pre-existing financial standing is not a suitable defense for loosening the standards of due diligence in journali
by throwawaymath 8y ago
None of that detracts my point. The company's pre-existing financial standing is not a suitable defense for loosening the standards of due diligence in journalism. If you're in a store and you break an item that was already scratched, you don't get a pass.
- busterarm 8y agohttps://www.bloomberg.com/news/articles/2018-10-09/new-evidence-of-hacked-supermicro-hardware-found-in-u-s-telecom https://www.bloomberg.com/news/articles/2018-10-09/new-evide...
- busterarm 8y agoSMCI has 84% institutional ownership and only 20% held by insiders. Nobody really thinks it's worth anything but the large holders don't have to write down yet and probably are diversified across the industry. The market cap is like half a bil -- that's _tiny_ for a company as big as SuperMicro...even at the bil it was before the article. The stock is garbage.
- throwawaymath 8y agoAgain, that doesn't really have anything to do with my core point.