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Silicon Motion Technology Corp. Message Board

  • blue_devil_ninetynine blue_devil_ninetynine Mar 13, 2008 12:13 PM Flag

    Surprised...

    I'm surprised by the price action in SIMO the past couple of days. I know the market just sucks right now, but I would've expected a more positive response to the buyback announcement. I'm going to continue accumulating down here, but I now have this nagging fear that there may be something about the fundamentals that I just don't know about. Hopefully that fear will be put to rest with the next earnings release...

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    • I'm going to continue accumulating down here, but I now have this nagging fear that there may be something about the fundamentals that I just don't know about. Hopefully that fear will be put to rest with the next earnings release...

      COMMENT: something about the fundamentals you say.

      According To Hamptonkey the word on the street is there is a major holder who wants to liquidate and SIMOs investment broker suggested that the company issue a BuyBack.

      So the Buyback to the retail investor is a wash or a Tic for Tac deal.

 
SIMO
24.09-0.52(-2.11%)Dec 19 4:00 PMEST

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