Earning for Q3, 2013 ,is $0.09, compared to $0.02 reported for Q3, 2012, up 350%, with good forward looking for the following quarters as the result of the merger's taking management position that would help the expansion of the production and new businesses, pps up 50% is way too low. Expecting more pops on Friday and next week.
You are correct with the dilution of outstanding shares. $4 right now did get ahead of itself. The 18% growth rate was impressive and I expect better growth in the 4Q since Nistec is feeding business into Eltek. We have not seen this kind of growth potential in years. The stock with less than 10 mil. float should be valued in the mid 3s... With full dilution I expect a .25-.35 EPS for next year which makes the shares a steak at these prices.