You are a broken record - you post the exact same words over and over, and guess what - your analysis is all wrong...the stock price proves it.
The multiples are still too high based on forward estimates. Year over year EPS growth is tracking at about 15%, you think a 20 PE is justified for that? No, 15 is more like it. 2013 full year estimate is $3.28 - slap a 15 on it and you get $50.