One flaw in your response is applying the acquisition principle to a company that has been so active in acquisitions for so long: acquisition cost is not a one off with SGH. It's almost a key part of their business.
There has been for some time a suspicion that the "acquisition path" is now necessary to hide the cash flow problem. It just isn't growing, which is now plain for all to see.
All there is left now is "trust me, it will be great in the second half."
SGH Price at posting:
$1.94 Sentiment: None Disclosure: Not Held
