A PE of 12!? Are you even thinking this through? A PE of 12 would give it a market cap of 3bn. That is beyond ridiculous. Just as Ludacris as me suggesting a PE of 60.
Im really glad to see so many on here predicting lower prices. It gives me comfort because if everyone on the forum thinks price will go up it seldom does. Vice versa. This has given me comfort in my decision to top up. When price is going down people come up with figures like 5 dollars per share which are just as (or even more) unlikely than suggestions of a 30 follar SP when the stock is heading up.
as long as the business model is intact the SP will not drop below $8 and the bottom could already be in. I am expecting consolidation in the 11 to 12 dollar range until Feb. If they can show improvement and tracking towards the upper end of guidance the SP will reach $15. Not closed to the stock price dropping to $8.14 before then.
ofcourse if there is another dowmgrade it could go lower but I am assuming that won't happen as the targets arent lofty.
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Open | High | Low | Value | Volume |
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---|---|---|
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1 | 7741 | 5.850 |
3 | 11371 | 5.830 |
3 | 24906 | 5.820 |
1 | 4113 | 5.810 |
Price($) | Vol. | No. |
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5.910 | 5850 | 2 |
5.920 | 5519 | 2 |
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