Xerox will continue to encroach into PRST/H'bergs niche.
That's the message here. As for magazines and annual reports, the PRST niche will be the small orders, not the big ones.
I need for a bull to show us some actual examples of the Customers of printers using QMDIs. What are they printing besides some small runs of calendars, sales material, Basketweaving Monthly, and the PRST annual report.
This is a niche, IMHO, not the next Xerography.
To Joe,
Yes, the P/E equal to the growth rate will be appropriate. But a P/E based on the growth rate of the plate earnings when that is a meaningful number. Right now, PRST investors are putting an eye-popping multiple on the kit/royalty earnings ... that's dangerous IMHO.
To Olu,
look back to late October ... PRST got spanked when it came into the 80 -90 range.
To Count,
I do think its nice that PRST plates will be used by others. I just think that in relation to the market cap, it is meaningless.
Jim |
