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Technology Stocks : Silicon Motion Inc. (SIMO)
SIMO 47.17+1.0%Feb 19 3:46 PM EST

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To: simo4 who wrote (1533)12/13/2016 11:03:47 PM
From: SiliconAlley   of 2112
Why are you here

I am here to provide the truth about this stock.

I doubt SIMO would have increased the dividend and claim next year being another growth year if Hynix was going in house with their controllers.

You can doubt all you want. They bought a controller company, merging teams, and have already announced their plans for UFS 2.1.

The dividend increase was nothing more than a feeble attempt to support the stock. And 2017 matters none to the long term view of this stock. Real investors are looking at the big picture, and not focusing on tomorrow.

You may also recall how the market reacted to the last earnings report and conference call. While you and others believe it was rosy, the stock was down 14% on many multiples of normal volume. This is not how healthy stocks react to "good" news, but rather is how the stock of a troubled company is distributed to bargain seekers who can't understand the selling.
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