It is a good stock and the company has been profitable and continues to be. Is it not what you would want from a company? making profits.
Therefore, your shortty targets of teens is crazy. You will see $27 and $30 sooner than you think.
Your shortty analysis will be always twisted to your liking, but the stock will go up. Just watch this week.
So you need a "patten" to get a high multiple? I don't think so. Ever heard of a company called Krispy Kreme? Have they patented the donut? Are there high barriers to entry to the baking industry? PE of 75....The Street wants growth and profits and they don't care how you get it..
Hasn't this stock moved 300 percent already.How do you justify $27-$30 on $1 to $1.25 in earnings.Next year revs probably flat year over year.Oh yeah headquatered in Red China a political risk at anytime?
How do you justify 27-30 on 1.25 in earnings????? That's about a PE of 23. Have you looked at the S&P multiple lately? How about the average growth company multiple? SmallCap 600?
It looks like there are a lot of different ways to justify it....
NTE will be at 10 soon. Thats 30 presplit and that is where this is going. hold at your peril. If NTE really keeps up the growth then The pps will take longer to adjust downward. Do the longs think NTE has no competition for the future growth they seek. Think again. The competition eats at them daily and no contract manufacturer can get high Y over Y growth unless they are willing to work for free. There are hundreds of factories that can do what NTEs factory does. If NTEs factory was hit by a hurricane tomorrow, it would not even be a blip on the electronics market. The customers would order from another supplier. Just Like that. NTE at any thing over 1/2 sales is high.