Yeah, I think SGH's problems have much more to do with its communications to the investing public than fundamental business issues. Mighty's explanatory post at least suggests that.
Big acquisitions, especially of badly run firms, will by their nature be problematic in a market where you can somehow sell stocks you don't own to push prices down and cause emotional people to panic sell.
In some ways the AGM seemed like a big middle finger to everyone who trades stocks: the "we don't care, we know what we're doing, go away and let us do it" approach. Seems arrogant and yeah, their not-so-beloved share holders have now copped it again.
Just because a company sucks at making people feel better, however, doesn't mean they suck at what they do. My better half is a lawyer and I guess I can see that playing the facts as opposed to whining about the feels is the way that they get results.
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