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Technology Stocks : Silicon Motion Inc. (SIMO)
SIMO 49.52+0.9%Nov 22 8:10 PM ESTNews

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From: Elroy10/27/2017 2:20:20 AM
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Hmm, reread the press release, and SIMO didn't repurchase any shares. Fine with me, I'd rather have them pay me more money via the dividend.

My hunch is they expected the shares to fall from the $40 level when they gave lousy Q3 guidance, and didn't expcet the $4 per share jump after the Q2 conference call. They want to purchase shares below $40, above that price no need.

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So....the diluted share count in Q2 was 35.801 million, and in Q3 it declines to 35.539 million. Any idea how that can happen if they didn't repurchase any shares? Where did those 262,000 shares go? Now I'm getting scared......this is a bit spooky what with the vanishing shares and everything and so close to Halloween.....

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I really like this comment from the press release.....This quarter, NAND flash industry supply increased materially, which enabled us to significantly increase procurement of NAND

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Sort of interesting - the previous 4 quarter have all been sort of fundamentally disappointing compared to the record Q3 2016 results and the amazing growth spurt in 2016 which led up to it. But in the just completed quarter SIMO was able to increase stock holders equity by $117 million. That's more than $3 per share increase in BOOK value, which is hard to fudge. and they paid 80 cents per share in dividends as well.

If they just get some decent revenue growth in 2018 it seems like most of it will just drop to the bottom line.
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