All the price targets that I see out there are based on some outlandish 20x or 30x P/E....crazy...this stock is going to have negative earnings growth in 2007.The assumptions is that it will grow earnings 20-30% in 2008????? Sure after earnings take a walloping in 2007. What kind of valuation is this?IBM offers consistent 10-15% earnings growth and it has nice 10-12x P/E.This stocks PE is going to come down big time.....0 to negative growth in 2007....it operates in the hardware segment in technology...one of the worst spaces to be in.PE no more than 10-12x given their negative earnings growth for 2007 amid a double digit sales clip. Take midpoint of range 0.75-1.05...And this is a $9-11 stock.$9-11 soon.
So I'll be able to buy almost $10 worth of tangible value (cash, receivables, etc) for $9. Sweet - I can't wait. Thanks for the heads up.
So tell me buddy at what price did you shorted today? Why you are in pain?
You need to have a better comeback than that. See you at $9-11.