Until we hear something official from the company or ASIC the shorts will keep winning. Im of the thought that eventually things will settle down, shorts will move on and normal order will be restored with valuation driven by sentiment not fundamentals which means the normal lofty numbers previously enjoyed by the company long forgotten. Still I think under normal circumstances SGH can trade on ~12x earnings which is still double from where it is now. Saying that, we don't yet still know what the impact if any the new governance on SGH's accounts might entail. Suffice to say there will be an impact, at least cosmetic. Bottom line should be relatively unaffected. Time will tell
SGH Price at posting:
$2.58 Sentiment: None Disclosure: Not Held
