ISX Shortsellers thesis, page-69

Re : PE and ebit target.

company has cautiously restated 10.7 ebit. I think they will fall short. Regardless of the possible shortfall, it will still be a very strong result in the last quarter. Broad guess is 7-10m quarter.

so that marks a 28m - 40m fy20 without any further growth. As the recent GS preso stated they have approx 1/3 of customers integrated i figure rev growth is strong.

but, i agree the SP will take a beating.