It seems that the discussion on this board has turned more constructive and less contentious. Hence, I pose the question for discussion. In 12 months from today, will the share price of Mitek be higher or lower than $3.50 per share? Please state your target and rationale if you choose.
I am long, so obviously I will say higher. My target is 8 based on continued revenue growth, lower legal expenses and some new killer applications for camera capture. I am neither a paid, unpaid, professional or in-training pumper. Thanks and have a great week.
Would not bet the ranch on "lower legal expenses" If matter is tried to a conclusion there will be a winner and a loser. Will the loser file an appeal? If so then this black cloud remains. What do you think our adversary will do? Little doubt remains if they feel they have the grounds. This bothersome issue has yet to discussed on board.
"new killer applications?" how exactly are these new. MPBP was rolled out by U.S. Bank in very early 2013. The silence that has followed is deafening. The insurance sector? Where is the activity? The "new" apps is pure pump. This is still a one trick pony and the pricing model.......still broken.
If you're a pessimist you've just fallen off a turnip truck! Kinda like bringing Alva Edision back from the grave
and asking him if he thinks his invention will make a hit......yeah, minus shorts and USAA we go to $17-$18
until next year. I have 20,000 X an eventual $50/share.....a real snob in the making!