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The stock is trading at 65% of book value, 3 times projected 99 earnings(which will be revised downward though), and revenues are gorwing 20% sequentially. But as with all other companies who cant satisfy wall street's high expectatons, the stock has plummeted, in this case nearly 90% from its 52 week high. Insiders have been heavily buying up the stock, and own a controlling stake in the company. Clearly something has to give here: IMO this company has been excessively devalued, and will bounce back shortly. | ||||||||||||||
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