I don't think we need a blow out quarter to support these prices.
So, the share price goes up 150% in 3 months, and you think that expectations are not increasing, but rather, staying the same as when the stock was at $60? I don't understand that theory.
It would seem to me that the only (defensible) reason the share price would go up is because the expected future financial performance is now expected to be better than what investors thought when the stock was at $60.
If BVSN doesn't blow out numbers this quarter, I'll bet the stock will tank. In fact, at that point, I'll no longer be watching, I will be short!
As for 2000 estimates, you don't really think that a company that is really expected to make 65 cents per share a year from now is worth $157 per share now, do you? They'd better make AT LEAST a buck in 2000, in my opinion. Then, the current PE would be ONLY 157x 2000 results... <ggg>
Elroy |
