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 . ☺
me_gtc- Think I recognize you from QCOR board possibly?? Believe I recall some good posts from you but curious your motives here. Shaw has been pretty decent posting here for quite some time. Anyway... more input, less criticism...
From the website:
"Our main office:
15809 Bear Creek Parkway, Suite 320
Redmond, WA 98052"
me_gtc, Shaw2kind has been long Peri way before we even heard of you on this board so stop pointing fingers of accusations and acting like a smart #$%$. He has contributed so many opinions about the direction of this stock that you can say he is 99% right.
technically speaking, it will be interesting to see if PERI blows right through $13.08 next week or forms a handle while consolidating before moving up again, that's assuming no negative news and the market cooperates.