Florence Tennyson
08-13

$SUPER MICRO COMPUTER INC(SMCI)$ I've been saying for months that this is massively undervalued, and it can still double from these levels.

Revenue and earnings are growing faster than AMD and Dell. Yet SMCI is still trading as a value stock with a PE of 12.68. On a forward PE basis it's at 7.81, roughly a quarter of AMD's and a third of Dell's. Gross margins accelerated by 720 basis points last quarter.

The massive growth is still ahead, with 60 billion in open orders. That's more than five quarters of revenue that will be reported. Dell's year-to-date stock gains are 300%, while SMCI is only up 43% YTD. Holding.

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