24 REASONS WHY 28% MELTDOWN IS NOT JUSTIFIED
Please see the attached 3 links to verify numbers indicated in my post
1) SMT price crashed 62% in 10 moths and is now trading at very low P/E and P/S
2) Tiny market cap of $310M that easily can be pushed up by hedge funds
3) Institutions hold 85% of SMT shares and soon will defend their investment after today crash of 28%
4) Low Float of 14M shares out of 45M shares outstanding
5) Large short interest of 18% needs to cover after MST meltdown of 28%
6) Very low P/E of 7 and low P/S of 1.5
7) Full year revenue of $790M, up 22% year-over-year
8) Strong sales of attachment products, up 47% year-over-year
9) Very large Annual gross margin of 49.5%
10) Large Adjusted EBITDA margin of 23%
11) Annual Adjusted Net Income of $85M, up 44%
year-over-year
12) Q4 earning problem is mostly related to strong Canadian dollar that could fade in Q1
13) Adjusted net income for fiscal year 2011 was $0.65 per share compared $0.34 per share for fiscal 2010.
14) GAAP net income for fiscal 2011 was $0.53 per share compared to $0.81 per share for fiscal 2010.
15) SMT continued to see increased adoption of its solutions by businesses and government organizations worldwide.
16) Revenue during fiscal 2011 increased 22%, supported by solid interactive whiteboard unit volume growth.
17) SMT had healthy average selling prices and a 47% increase in attachment products sales.
18) SMT had solid top-line performance in 4Q, as it benefited from robust sales of attachment products, totaling 35% of overall revenues.
19) Q4 was impacted by additional costs related to strengthening R&D , ecosystem and global infrastructure.
20) SMT believes it is critical to make investments now to maintain its long-term competitive edge in the market
21) SMT outlook is not totally bad . SMT expects revenue in 2012 to be flat to 5% down compared to fiscal 2011
22) Gross margin for the Q4 was 46.4%, compared to 51.2% for the prior-year period. Only slight reduction
23) GAAP EPS for 4Q was $0.06 compared to $0.06 during the prior-year period.
24) SMT at $7 is opportunity of life time
http://finance.yahoo.com/news/SMART-Repo...
http://www.dailyfinance.com/quotes/smart...
http://www.dailyfinance.com/company/smar...