StockStory put out a note on three companies that look risky despite being profitable. Semtech (SMTC) is trading at 45.6x forward P/E. Their growth strategies seem to be backfiring, with operating margin losses increasing and negative returns on capital. Penguin Solutions (PENG) is at 9x forward P/E. Revenue growth is slow at 3.7% and high production costs are hurting margins. They also lack free cash flow to reinvest. America's Car-Mart (CRMT) trades at 56.9x forward P/E. Same-store sales are trending down and share dilution has crushed EPS by nearly 75% annually.