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SMTC Corporation, Severely Punished For Doing The Right Thing Should See A Significant Correction

A few weeks ago I wrote an update on SMTC Corporation (NASDAQ:SMTX) that highlighted the progress made by the previous interim management and what I expected the hiring of new CEO Sushil Dhiman would mean for the company. SMTC Corporation is an established provider of advanced electronics manufacturing services (EMS) worldwide with global sales of close to $300 million and a market cap of only $32 million. The company's services include product design and engineering services, printed circuit board assembly, production, enclosure fabrication, systems integration, testing, and configuration services. It also provides enclosure and precision metal fabrication, cable assembly, interconnect, and engineering design services for several industries and verticals. The company has several manufacturing / technology centers in...

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