I just bought. I've seen this game before. Herbie has been doing this for years. He may be right about the business model but do you think the big money will let this thing implode to the downside before they are out. Watch and learn. This stock will surge after earnings on shorts trying to cover. Buy for a nice pop after into earnings.
You can bet he will be right there again tomorrow trashing the results and scaring investors out of their stocks. He has a long history of going after high multiple stocks with innuendo about creative accounting, fraud and the like. He is part of the Cramer crowd.