Down Nearly 50% From Its High, Is Super Micro Computer Stock a Bargain Buy?

Super Micro Computer stock has fallen 50% from its 52-week high to $34, trading at a low 11x earnings multiple. While the company posted impressive 47% revenue growth to $22 billion, net income declined 9%, revealing thin margins that limit earnings growth potential. Governance concerns, including a departed auditor and export law violations, make the stock risky despite its cheap valuation.