RT, as a long time long on this thread, I have to say thanks for summing up. You have nailed it, nothing more to add.
I for one, am glad to see the company present the worst-case scenario. The reason being, there are a lot of sharp analysts following this stock, (being over 60% held by institutions), and they will never recommend a stock who's directors seem to be wearing rose-colored glasses.
I suspect, and the price action and volume also seem to indicate, that we will see MCA approval this quarter. If we don't, then big quarter down and we see single digits again. If we do have MCA approval, then we start looking at the P/E of 10 and say, "do I hear 20, 30?"
Right now it's all in the hands of the MCA.
Zebra |
