Mark, EMC virtually never beats their number. They didn't beat it today. But at the same time, they didn't have the run-up that MTIC had in the week or so before the earnings announcement. After hours quote for EMC today was flat, apparently- meaning no reaction one way or the other.
Having said that, MTIC with earnings at $.17 and at $12 a share, compared to EMC at $.32 earnings and $30 a share is disproportionate, to say the least, no? (And I expect to be corrected because I know not of what I speak beyond simple math.)
Taking it one step further, look at projections for the March Q. Estimates tighten even further, .15/.28 (MTIC/EMC), and remember, MTIC has consistently beat their number over the last 4 Q's by an average of 25% or so. That would assume .19/.28 (MTIC/EMC)
If EMC is fairly valued, MTIC should move up to $16 in the short term if it's value is ever "discovered". Now, here's my point. MTIC should in fact be discovered once the full NASDAQ listing is completed.
If this doesn't happen, I've been known to trade. :-)
Greg |
