WBSN - Holy crap! what a PE! over 1000! How the hell do they get away with PROFORMA reporting. I don't see any GAAP numbers in their recent report. What a POS! I've only glanced at it so far, but it looks like it's just about ripe for a short. Also with a 16-18% revenue growth rate, there is no way to justify the PE. I'm going to have to keep my eyes on this one.
Of course, as an employee, I don't care for their product either...;)
On the other hand, they are making money, supposedly, and deserve some credit for that, if it is true, and they have no debt to speak of, so they are worth something, I guess, just not $28/share.
Stay in the Black! jimS |
