Replies to post #121158 on Savvy Trades and Investments

[novicetrader]

SMTC-Dropped 40% in 3 days,from $66 to $40(in A/H today). Blackrock owns 12.96million shares(as per 13F filing 2/7/25),more than 15% of company shares.
Public offering early Dec 2024 of 10,496,032 shares at offering price of $63.00 per share. With institutional investors recently in at higher prices, this drop looks weird.
Could this 8K filed late fri 2/7(linked below) be the sole reason for this huge fall? I must be missing something??
https://www.sec.gov/ix?doc=/Archives/edgar/data/88941/000008894125000025/smtc-20250207.htm

[SSKILLZ1]

WU

Brought WU back on Friday at $10.68 (After selling in the 11.30's on thursday). Didn't think I would get my opportunity to buyback this soon.

1) WU pays a 8.8% healthy Dividend, which they can easily pay so that alone makes it attractive.

2) WU is too cheap, with guidance of $1.75-1.85, trading slightly less than 6 times earnings. I actually believe the stock should at least receive a 8 PE, I also believe once they actually show revenue growth, not adjusted ex iraq rev growth, but real revenue growth, which could happen as early as q2, and will happen in my opinion in q3, I think the stock will be revalued eventually. Hence feel FV is around $15 right now.

3) WU Continue to buyback stock as well, so that is yet another plus.

Conclusion: I like WU alot and will buy more on weakness. All is just my opinion, and I could always be wrong though.