Symbotic Inc.לונג
Symbotic $25.60 Buy.
2024 was a bad year for Symbotic. The company were involved in some kind of accounting scandal, I don’t know the full facts but it sounds more like someone cocked up with the numbers rather than something more sinister.
As a result of this they are now being sued by investors which doesn’t help, something I am seeing more and more of on the news wires recently.
The fundamentals of the business look solid to me, their largest customer by far is Walmart for whom they supply automated warehouse systems.
Results come out early February, let’s hope they can sort the accounts out this time.
Charts look good for me, I see a nice Chanel starting to build, expecting a comeback this year
As a result of this they are now being sued by investors which doesn’t help, something I am seeing more and more of on the news wires recently.
The fundamentals of the business look solid to me, their largest customer by far is Walmart for whom they supply automated warehouse systems.
Results come out early February, let’s hope they can sort the accounts out this time.
Charts look good for me, I see a nice Chanel starting to build, expecting a comeback this year
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