Cheers Ousia.
It is not uncommon for growing tech stocks to be rated in the high 20's and low 30's in terms of PE. IF NBS delivers 2009 and 2010, it might be that you are being conservative in your SP estimates.
The recent buying seems to confirm your point that the market is beginning to re-rate this company and there is much room to go before NBS can be considered fully valued.
It's nice to have a good growth story after the wretched run in the markets.
My first bear market.....what a drag! Great lesson though.
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