160 year old family business
Tech? Real. Order book? Building. $SHMD is shipping systems to tier one customers for advanced packaging and AI infrastructure. I want to own this tech and claim to the future earnings. Badly.
Cap structure? Getting my ass kicked.
Convertibles, XJ dilution at $2.15, 95M registered for resale, earn out overhang, 1.9M insider sales at a loss. One could say retail is absorbing the dilution while the family retains control.
Again, I am long and will remain long. But do better 160 year old family business.