CAMP moved from single digits to about $50 per share in the 90's. I got out in the teens and watched it continue to rise. The story was based upon the coming satellite technology that included Cal Amp's dish receiver and that it would be sold to millions of users (product sound familiar?). Now, Cal Amp has many products sold in growth markets across the globe. And, as the producer of the Positive Train Control (PTC) safety devise for Metrolink (post accident), how do you think the possible use of this particular product in trains all over the world could effect the growth multiple on this stock? How many trains run every day? Canada's accident this past weekend will magnify the product's need. Don't limit yourself to thinking the ride to the teens for this stock is a big run. CAMP could double from here quickly. Let me know when CAMP hits $40 per share. Then, we will discuss "over" valuation. It will only take a few PTC orders this fall and the expected traction of other Cal Amp products later this fiscal year to make it possible.
Amazing coincidence, WilliamPerson. Just quickly browsed your board here for old times sake ( I do not own CAMP - wish I did) and I owned quite a bit around the mid nineties and made exactly the same mistake you did. Think I was in at around 4 and sold at 11...thought I was smart to sell...I WASNT smart at all....lol. If I recall, that particular move had strong elements of a multitiered war between short sellers and momentum players.
My point is I agree. Nice move, but longs shouldn't sell now simply because it rose....it can rise much further (depending on company performance and catalysts of course).
STX just one example of a tech company (in a ferociously competitive industry) that has risen from a low just below 10 to 46 in the last couple of years.
Just my opinion...I'll start to follow the stock again. Good Luck Longs!