mact:
Since you remembered on the GG thread that I had
said NTRO was worth $10, let me offer a reiteration,
perhaps raising my target to $12. Based on the latest Q,
NTRO is operating at an instantaneous run rate of
$80M/year in revenue. I am ready to put a 5 to 6
times sales multiple on this, so that NTRO should be
worth about half a billion, not its current $1B
market cap. Note also that Ensemble Communications
provides strong competition, with more competition to
come from STXN.
All this said, NTRO has good technology, good management,
and at $12 it would be very attractive. In other words,
I like the company, not the stock.
Regards,
Bernard Levy |
