Good thing companies, especially small tech stocks like 1PG, aren't valued on current earnings. What matters is their future earnings, and in the case of 1PG in particular, what they will earn in 2016. If you believe canaccords numbers, this is certainly not overvalued right now. Anyone keeping tabs on the broker data will know that Canaccord, (amongst some other instos), have been continuing to accumulate all the way down. They clearly believe in their earnings projections. I would like to see an updated report from them now that the revenue model has been changed to curated talent pools.
The question for each individual is, do u believe in Joanna and her exceptional team in delivering on their very strong bullish statements. And do you believe in the judgement of the likes of Fidelity, who thought $4.50 was a reasonable price to pay not so long ago, and Canaccord and Goldman Sachs, and Morgan Stanley, who have all been buyers lately. InstanetNomura and ITG Australia were big sellers during the initial fall from 4.50, but have since stopped and have started buying a fair bit lately. I'd certainly like to know who's shorting this...and if one of the intos who has been buying is also lending out stock in order to accumulate lower...
Hopefully we are back on track towards the end of this month at least once we hear about more annual contracts and the acquisition. GL all
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