look I understand some natural conservatism given the doom and glom globally and US tech stocks having run so hard etc.
but have a look around. how many companies have the APX cash/debt position, and consistent growth of revenue/earnings/profit ? If we hit guidance, we are currently sitting at a p/e of 20 - is that really going to hold? There are sexy tech and medtech stocks trading at p/e 50 that don't have our track record of growth.
p/e of 30 is conservative in my mind given our track record and the market we operate in, which makes this a $1.8b+ company no problem by the time earnings announced early next year.
the beauty of compound growth is even 30% ebitda growth on say 60m gives us $80m in CY 2019 - so put a forward p/e on it and we go closer to $25. Any more acquisitions, or growth more in line with our history of 50% and we are blowing past $20 comfortably next year IMHO
Sure, there will be troughs because someone announces a probe into facebook or iPhone sales down, but this is noise pure and simple. A 2% move on the NASDAQ is translating to a 5% move on APX is my observation. Which is ridiculous when you consider the main reason for conservative growth forecasts by us companies is a strong dollar. Their headwind is our tailwind...
Big tech is pouring cash into new growth opportunities, which is where we sit. Bring it on
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Last
48.0¢ |
Change
0.010(2.13%) |
Mkt cap ! $107.0M |
Open | High | Low | Value | Volume |
47.5¢ | 48.0¢ | 46.5¢ | $288.9K | 610.8K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 105000 | 47.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
48.0¢ | 39990 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 75000 | 0.475 |
5 | 43581 | 0.470 |
6 | 372312 | 0.465 |
13 | 104522 | 0.460 |
4 | 92703 | 0.455 |
Price($) | Vol. | No. |
---|---|---|
0.480 | 39990 | 1 |
0.485 | 40000 | 4 |
0.490 | 37976 | 1 |
0.495 | 41587 | 5 |
0.500 | 153037 | 15 |
Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
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