Bosco, as I have said, beware of the floorless, when you first pointed the ridiculously low PE, I was tempted to throw few good bucks in that direction, thank G-D, discipline took hold. I am telling you, this is a mirror image of other floorless, and in this case, the overhang is awesome, a full 100 MM of little green elves, with a net book of $200 MM, this is an awefully lopsided financing, they must be in real deep sh***t to accept such financing. I do not want to say sub 1, but it is not an impossible target on the extreme. If it gets there, it will be a trophy in the Hall of the Knights of the Multihorned Table. Golden hooks will be distributed, and some might even get golden hook of the third and fourth grade, but patience, until you see the white of the MM's eyes, hold the powder dry. Right now, I can barely see its silouette.
Zeev |
