company is worth 11-13 I guess by comparison with other issues with similar eps patterns, potential, etc.
Stock selling for 5 7/8, in a continuous downward trend for 3 months.
Who's insane?
As I see it, we ain't seen bottom yet, tho as ya'll know, anything below 10 is a firesale, it still hasn't stopped it from selling off every day, every week, every month. These last 2 points, below 7's, are just mind boggling to me, when the company has improved so much from last fall when it was stuck in 6-8 hell, now future is so much brighter and more assured, but instead the stock is selling for 1/3 off of. Go figure!!! How stupid can sellers be? Delving into the depths of lunacy on the downside is NOT what I ever expected from this rocket waiting on the liftoff pad. The company is headed ever higher, the price ever lower. Maybe 1/8 is the strong support level! It has $.66 cash, nearly $1 in working capital, published eps growth of 100% next 2 years by brokerage firms, 4 of whom are forecasting this year 100% eps growth, and is selling at 9X this years eps forecast minus cash. What else can I say? I wish I could find those responsible (isn't anyone responsible for this? Can we blame it on market maker, etc?) and shake some sense into them? |
