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Perion Network Ltd. Message Board

  • shaw2.kind shaw2.kind May 3, 2013 4:30 PM Flag

    All time closing high today

    All time closing high ; 11 cents below intra-day all time high and on nearly double the volume speaks volume.

    My strong sense is that after the 100 percent plus growth in earnings and 80 percent sales growth to be reported in Q 1 2013 (May 13) and the management re-affirms the 1.61 guidance in the face of the recent Google renewal, (and new products and the accretive increments of new acquisitions), the market will take a second look at PERI. Consequently, giving it a reasonable multiple. For, even a 13 multiple, or about half in this space, will push PPS to 20 – 21 dollars territory. Looking out into 2014, the company is projected to grow earnings another 25 percent or total over 2 dollars per share. A PE at the growth rate puts PPS as high #$%$ 50 dollars. Suppose the market awards half the multiple, still you are looking at 26 dollars stock or one hundred percent profit twelve months hence.

    At the cost of repeating my mantra of the last several months, the best investment strategy in PERI can be summarized in two words: BE PATIENT.

    Because I have been recommending the stock since it hit a low of 8.25, sharing my conversations with the management verbatim, I suppose I have earned a modicum of credibility about the prospects of PERI . ☺

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