slob, I thought you moved away from this one
I still think that in the long term VTSS will lose about half of its present value. I did cover my short position when it dipped to $44, (made 60% on my money), and I am ready to do it again when I feel it runs out of steam (probably around $58). I also suspect that Lou is going to split the stock pretty soon, which will delay my play a little.
IMHO this stock is overvalued as a long term investment. Sure, Lou is going to meet his next quarter numbers, and possibly the following one too. But, just meeting the numbers does not make this <$200M company worth $2B, when its TAM is not even $1B and it must share it with some other, more or less competent, competitors!
Anyway, we have exhausted the valuation issue last time. We just sit back and see what happens.
All the best,
gda |
