for those that think this stock is expensive at these levels.... Think again.
Although the PE ratio may be high the forward pe ratio is inline with that of high growth company like LNKD,NFLX.
In fact with 2015 revenues of 300M with 30% EBIDTA (CEO aiming for 30% EBIDTA according to motley fools interview with CEO) the projected EPS is $3+. So PE ratio 2 yrs out is less than 30. So who really thinks this stock is really expensive NOW.
Your math is wrong. 90 million of EBITDA, less 20 million of depreciation is 70 million. Assume a 35% tax rate and now you have net income of 45 million., Figure about 37.5 million shares outstanding for options exercises and you're at $1.25 in earnings.
NFLX only expected to get $3.26 next yr and price is $228...... LNKD expected to get $2.10 next yr and price is $210. TSLA is expected to get $1.10 next yr and price is $135. In 2014, Zillow will be expected to get $3 for 2015 and guess what the price will be.