Symbotic: The Investment Case Is No Longer About The Backlog

Group 1 - The article discusses the initial discovery of Symbotic Inc. (NASDAQ: SYM) in September 2023, highlighting a strong narrative but concerns regarding its valuation, leading to a hold rating being assigned [1] - Following a significant decline in stock price, which halved, the analyst's perspective on the company may have evolved, indicating potential changes in investment sentiment [1] Group 2 - The analyst has a beneficial long position in the shares of SYM, indicating a personal investment interest in the company [2] - The article is authored by an experienced equity analyst with over 10 years in the investment industry, specializing in small-cap stocks often overlooked by Wall Street [1]