Off base on what?
I only gave you a historical footnote, a historical fact, that Boca Raton has a disproportionate number of dicey companies setting up shop there. The logic is NOT reversible, namely, that any company that sets up in Boca Raton is dicey. It was not my intention to say Registry Magic must be bad because of its location. I would never diagnose a stock based on just one red flag.
Having said that, I still say their financials are lousy. Young companies declare losses early in their career? Really? Duh....
My point is this: Their revenues are in the hundreds of thousands only and the company is trading at 29 times SALES. I might be willing to pay that for a Internet highflyer with a proven track record, but not for a company that produces less revenues than my private practice, LOL.
Anyway, good luck. Did you buy the stock, or just in the research phase? I, like you, am long PERI. I don't see this as any threat to PERI, short or long term.
DocStone |
