you are kidding aren't you. you've picked 3 stocks that went up...

you are kidding aren't you. you've picked 3 stocks that went up purely on hype and came crashing back to earth with a thud and came fairly close to collapsing in the case or erg. those 3 stocks, soh, kyc, and erg rightly came back to more realistic prices so are you arguing the same case with qtm. l

let's say qtm do have 2 massive contracts in the pipeline and their market capitalisation is currently $700 million. if we were to give them a price to earnings ratio (per) of 15 which is fairly generous they would have to be earning profits after tax of $46 million year in and year out and also be growing the business rapidly to justify the per of 15.

the contracts would therefore need to be well over the hundreds of millions of dollars to ensure pure profit of $46 million each year.