Curly, you have a funny way of diverting from the serious issues we were discussing. Your last post is nothing short of a "ra, ra, ra", and you can do better. The issue is what should CYMI do with its cash hoard (which it got not so much from stellar earnings, but from the very smart issuance of a convertible debt when the stock was roaring). You say they should buy back shares, I say they should develop a strategy that assures long term growth in the market they are serving, part of this strategy should be broadening their technological base outside of the "light bulb" business. If they do not, the market will rightfully accord them a lousy PSR of 1 or under and a PE of 10, that will put a future ceiling on the stock in the mid thirties to mid 40'.
Two different opinions, I have explained mine, how about your backing yours?
Good luck out there.
Zeev |
