<<Could be a 3 to 4 million share day.>>
I think it will be twice that, a 7 or 8 million share day, the way things are going, and up very very strong. I know no one will be getting my shares for quite awhile, and I suspect the same is true for many stockholders. Perhaps we'll do another QCOM. This market has innured people to high PEs. (For better or worse.) The price to sales ratio looks much better, especially if you believe, as I do, that they will continue the sequential growth, and continue to double Y-Y revenues. A billion dollars of revenue run rate looks probable over the next few quarters, if we assign a high growth 7 or 8 times revenue to that, then a market cap 8 billion results, equivalent to a stock price of well over 200, indeed, for 30 million shares or so, a PSR of 9 on a billion dollars of revenue would be 300. |
