Huey- excellent financial analysis, but here's some food for thought back at you.
No one would disagree with you, as we sit here today the numbers don't portray a striking value. So what, pray tell, is driving the stock price? (yeah, yeah, Auric, a bunch of retail pukes stroking each other ;0)
You have to have a certain vision, coupled with some faith, in order to get ahead of the curve. If you want to wait for more tangible evidence, I for one cannot blame you. Less risk, but then less reward. Early investors have taken on more risk, risk in our minds tempered by our"vision".
As to your financial analysis, anyone with a modicum of experience could, and has, done the same. If investing was uniform along these lines, there would be no market.
To me, and here is the food for thought , all the bears that have missed years and years now of opportunity, have done so holding on to their historical charts tightly to their chests, chiding all the "dumb" investors for not seeing things their way, the "right" way, just look at these parellels to '87, Japan, '29, whatever. They're never wrong, in the face of all evidence, the big one is just around the corner.
Now I'm using analogy here, I'm not saying you're a bear- I'm just saying that there can be more to investing than the numbers, especially ones based on forecast. The .19 next year? I have "faith" Echelon will blow that away, and the rate of revenue growth and eventually earnings will be of hockey stick proportion.
But thats me. |
