Sentiment: Strong Buy
Yes. Wonder if they know something others (except for Fidelity, Wellington) don't.
The revised price target now comes with an estimate of earnings of almost a dollar per share in 2013 on almost thirty million dollars of revenue. That is up from virtually zero in 2012 revenue.
Believe another person mentioned that CH stated that it was very possible that they would be heading out of 2013 with a 120 million revenue run rate.
It looks as though Craig Hallum is predicting $28.15 Million in 2013 Revenues and $.83 in 2013 earnings.
Their recently updated price target of $22 equates to a 26 PE on $.83 in 2013 earnings. Up from virtually $0 in 2012 revenues.
I think an earlier poster stated that Craig Hallum stated that a conservative estimate would be for them to be on an annual 12 month revenue RUN RATE of $120 Million by Q4 2013.
Have NO IDEA if this is realistic or not...none.
But what seems to be very accurate is that CH is on RECORD as seeing $28 Million in 2013 revenue and nearly $1.00 in earnings in 2013.
IF....IF this turns out to be REMOTELY ACCURATE - this MAY...MAY have PLENTY of room to run.
Kevin Douglas and Fidelity Investments seem to agree with Craig Hallum.
Interesting levels here after the most recent deal announcement.