What was it about SGH that made you stay away? For me it was the horrible cash flow situation, increase in receivables, and the the large asset revaluations which made up for the majority of earnings.
Yep, same concerns re "foggy" accounting (as Rolls Royce referred to their own books this week). I wasn't sure there was something wrong, but I was sure that there was a lot of leeway for accounting estimates. Still not proved yet, though.