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I bought a chunk today near 7.
Here's a post from YAhoo that says it all....
"I've been watching this stock tank today, so looked into the fundamentals of the company. Here's what I found:
1) Management owns 48%, and no recent insider selling of note.
2) 3.8 million shares in the float, but only 1.9mm held by institutions, so that doesn't concern me.
3) From a high closing price of $13.8125 on July 9th to today's level of about $7 seems like panic selling, not rational redistribution.
4) Thinly traded, on average only 20,000 shares per day, so any volume day is going to generate broad swings.
5) Financial factors: PE of 10 versus industry average of 48, Price/Sales ratio of .5 versus industry average of 11.0, Price to Book Ratio of 2 versus industry average of 14, and finally, Price/Cash Flow ratio of 9 versus industry average of 42.
I think this is a value play, with revenue growth over 30% and earnings growth over 20%, it would appear that this stock should command a PE ratio of not less than 15-20, or $11-$15 per share.
I encourage contrary views, as discourse benefits all. Let's avoid hype in either direction, and stick to basics. Can we?"
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