Shares of Smart Global Holdings are Dan David’s Wolfpack Research issued a new short report on the company. Its report read in part, “SGH’s executives have obscured the reality in Brazil while peddling their new sales-pitch of diversification; they have hidden key executives and their conflicts of interest; they have engaged in self-dealing in acquiring Inforce at what appears to be a ridiculous valuation; and along the way, they have been selling stock. You’re not leaning on smart money: you’re holding their bag.” Shares of the memory modules and sub-system solutions provider are down 8%, or $2.64, to $28.64 in morning trading.
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