The stock is trading at 65% of book value, 3 times projected 99 earnings(which will be revised downward though), and revenues are gorwing 20% sequentially.
But as with all other companies who cant satisfy wall street's high expectatons, the stock has plummeted, in this case nearly 90% from its 52 week high.
Insiders have been heavily buying up the stock, and own a controlling stake in the company.
Clearly something has to give here: IMO this company has been excessively devalued, and will bounce back shortly. |
