◆ Contrarian Corpus
Campaigns / Spruce Point Capital → Super Micro Computer, Inc.
Spruce Point Capital vs. Super Micro Computer, Inc.

Super Micro Computer, Inc. · SMCI

1 deck published between 2023-01-10 and 2023-01-10 — 36 pages, 36 analysed slides total.

initial thesis

Timeline

Each deck in chronological order — click to open. This is the story of the campaign as it unfolded.

  1. 2023-01-10 initial thesis

    2022 01 64e793a526ce001e3806513a_smci_research_thesis_1 10 2022

    36pp · full_deck

    SMCI — an SEC-fined serial restater now ~22% reliant on Meta — is masking accounting strain and insider selling behind a multiple expansion that should revert, implying 40-50% downside.