Jetta Productions Inc
- I reiterate a ‘Buy’ rating for Super Micro Computer, despite the Hindenburg short report, with a one-year price target of $700 per share.
- Super Micro’s past accounting violations are acknowledged but resolved; current related-party transactions are fully disclosed and not fundamentally problematic.
- The short report’s claims about Super Micro’s relationships with Ablecom, Compuware, Leadtek, Lambda, and Russia are largely unfounded and publicly disclosed.
- Despite potential reputational risks from the 10K filing delay, I project strong growth and margin expansion, with a conservative $200 million SEC penalty provision.
More than 15 years of professional investment experience in global equities across all sectors. My investment style is fundamental, bottom-up, long-term, and quality growth-oriented. I am seeking companies specializing in niche markets, with strong growth potential, a solid management team, a sound capital allocation policy, and, most importantly, reasonable valuation. I do not chase quarterly results, nor do I follow the herd mentality. I do not use short-term stock performance as the measure of a company’s quality. I am targeting to achieve a 15% annual return in my portfolio. I typically construct my portfolio with 15-20 stocks, focusing on diversification of holdings, risk management, macro-driven sector weights, and disciplined trading and valuations as key factors.Disclosure: Lighting Rock and I are working in the same investment team. I am writing here independently.
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