well from a non day trading angle i have ESST down for a screaming buy anywhere below 16. It is a good company.
It may be a good company, but it doesn't look like a good long term buy, IMHO. It's got diluted normalized EPS of $0.243 per share over the last four quarters. So, at the screaming bargain price of $16 per share, you're paying almost 66 times earnings. At $16.00, that's a 3.5% return.
The consensus long term growth rate, (which is always too high), is between 21% and 26.33%, (depending on who you believe). At the 26.33% rate, at the end of five years, you'll be making 11.26% on your money, assuming the company meets that 26.33% growth rate and issues 100% of its profits as dividends.
Over the last year, the stock price has gone up 242% while earnings have dropped by 82.33%. Finally, outstanding short interest is equal to almost 19% of the stock float.
Maybe I'm just cynical, but losing $$ six figures on "screaming buys" just like this one tends to do that to a person.
augieboo
p.s. I used MarketGuide info. |
