With the coronavirus pandemic having partially shut down the American economy, Wall Street has reacted strongly, with many small cap companies being among the hardest hit. With some investors apparently liquidating positions not seen as a “pure play” on the pandemic, Smith Micro (SMSI) has suffered from the ongoing fire sale. While the 50% drop from 52-week highs no doubt has frustrated shareholders, SMSI’s current valuation offers an amazing investment opportunity on a company that has significantly de-risked itself over the past few months.
SMSI continues to progress its core business. Since I