.....AND GETTING OUT AT $8!!This is nothing but a leasing company...getting the big squeeze from the market.
Greek,Good luck buying ePlus stock at $7, particularly after they post earnings of $0.28 in June, which will be ePlus' best quarter since the quarter ended September 1999.
If ePlus is just a leasing company, then it is priced right and a PE between 10-12 is appropriate. Not at $7-8. If ePlus is successful in parlaying its B2B software with its leasing business. Then it will be worth substabtially more.The next 2-3 quarters should more clearly show us if their software business is greatly improving or not. At current price, still no big risk here. They are making money.Flash
If you bought the low yesterday congrats!