@QueenBoudica, It is unfortunate but I still believe in the price targets around 60$. The global equity retreat is largely to blame for this one. Look for news about global indices net inflows and out flows while keeping in mind that SGH has 2/3 of its assets in Brazil.
@kirthikblue, Sorry for the late reply. This stock is in the volatile memory market and the global trade war isn't treating us owners of SGH nicely. The company is largely owned by SilverLake investments which lists SEC insider trading on the SEC website. Keep an eye open for a purchase by SilverLake although don't be deterred by more selling from them because they own a significant portion of the company. Fun fact: the CEO is a prior manager at SilverLake.
@ChrisLaney, Thanks for the info. I believe brazil focus is a double edged sword. protectionism giving such high ROE and market share for SGH at the same time, the country Brazil itself is a huge underperformer in everysense, politics, currency, commodity exposure, trade, etc. That is the part that makes me a bit worried. Any macro on Brazil to watch out for ?
@kirthikblue, I posted another idea regarding SGH and I believe the Brazil economy to be driving the current down turn in the stock price. Notice the correlation between the Brazil currency and the USD. BRLUSD