Just hoping to get some opinions on shorting [Microchip Technology](https://markets.ft.com/data/equities/tearsheet/summary?s=MCHP:NSQ).
Their stock is up around a 100%, since mid-2012, while:

* Their profitability is declining;

* Margins are insanely tight;

* Debt is rapidly increasing, while tangible assets are pretty much the same;

* They will have to issue new bonds this year at a most likely higher coupon rate than their previous ones.

* dividend payout ratio is unsustainable;

Not sure if I’m just missing something or if this actually is a good idea to short. Was thinking of buying some Jan 2018 puts.

EDIT: Formatting

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