| |
Most of your comments have been way on the negative side, I remember, though I don't recall you saying you think IDTI will fall way below $10.00; I'm sure you did, I just don't remember. While I didn't target you personally with the idiot comment, I feel it apropos to anyone thinking IDTI is strongly overvalued on its own merits, meaning all things equal IDTI should trade today well below ten (meaning $7 or $8). On a cash flow basis, it makes no sense. From a growth perspective, it makes no sense. It only makes sense if you think the market may be in for a melt down of 20% to 25%. It's possible, but not really predictable, and so makes no sense to say it.
On the other hand I've been fair in responding to those who write that IDTI is way undervalued. I've read $36.00 and even $60.00. While possible, it's not probable or predictable and makes no sense to say.
I have written that I expect IDTI to trade in the $20 to $25 range a year from now based on several factors: enormously bullish insider purchases in IDTI and across the semi industry, expectations of strong growth in sales of semis by those in the business. I have read your posts with serious interest and feel there is much truth in them. Management appears to be selfinterested fumbling and bungling. But I don't think either that it's time to completely write off chances for success of C6/C6+, CL, or any other part of their business.
I also can say again for the record that I bought early at $12.59 and $11.62 and have order in for $10.50.
Jackson |
|