Is Super Micro Computer Stock a Buy?
Everyone likes a comeback story. And after roughly doubling from recent lows, Super Micro Computer (NASDAQ: SMCI) seems to be shrugging off delisting fears intensified by the surprise resignation of its auditor on Oct. 30.
But the company isn't out of the woods yet. Let's go over the pros and cons of Supermicro to decide if its shares are a good investment.
Supermicro shares began declining sharply after hitting an all-time high of around $116 in March. The decline intensified in late August, when short-selling organization Hindenburg Research released a report accusing the company of accounting manipulation, conflicts of interest, and sanctions evasion related to the Russian invasion of Ukraine.
Source Fool.com
