It is about 1 third of the price last year this time. The market is falling, will SIMG fall down further after earning? Its business seems health and on track. why its stock is so cheap? is it a good time to buy? or just wait until its earning is out? Any advices?
very true, but unless they change something significantly, like much lower revenue guidance or lower margins, it may not drop as much as usual. Besides, it is already trading very close to book value. At least they will benefit from book value price by buying back shares. If they add another 50 million to the pot, it could get oustanding share count down to the mid 50 million range. That would be very interesting.