Compare per share data on OMKT to its close competitor BVSN.
A year ago, it looked like BVSN was eating OMKT's lunch, and was accordingly priced far higher. NOW, based on earnings, revenues, prospects, etc.,. the two look very similar on a per share basis, yet BVSN sells for 14 and OMKT for 3 1/2. Given that no new news seems to exist, I'd say that OMKT's rise is the beginning of general recognition that, based on fundamentals, the prices of BVSN and OMKT should converge. Where they should converge is a matter of opinion, but based on other players in the field, I'd say both should be a lot closer to 14 than to 4. I'm holding lots of OMKT, and won't even think of selling any of it for less than $10 a share. |
