Even though they are "high tech", GIG's growth rate of 14% is why they are trading at a price to sales below 2....er after this morning's trading down to a P/S of 1.
The push out of new products is also a concern.
However, if you want to own the stock, today is probably a great day to start building more of a position, as the volume in GIG is very low on a daily basis.
(I know you already have a position, so that last statement isn't really directed at you, tkt.)
Before today, the 2013 revenue expectations were for $47 Million. If they can achieve anything like this, the stock looks like a very solid value here at $1.65. Having said this, patience will be required, IMO, and I will assume that it will be very much like watching paint dry for the first part of next year.
Best of luck with the job search and/or selling your house!! |
