goldstandard - when you do the maths a 60 cent price target does seem very unrealistic.
If I had a $ for every 2 cent stock, that someone thought was worth $1.00, I'd probably have a couple of hundred bucks.
for someone to invest in a company with a P/E of 20 you would need to be factoring in large sustained future earnings growth over a long period of time. Which is unlikely in my view.
PIE is really a one trick pony with a product that could very easily be superceded by current and future technology very quickly.
To me this stock really only appeals to those who need their kids to work the DVD player...
NWZ Price at posting:
2.1¢ Sentiment: LT Sell Disclosure: Not Held
