This is not a very active message board, but hoping there is a quiet following. This stock hit my radar screen recently. I've read as much as I can and listened to the conference call - looks like the company is doing well and in a great space.
I am thinking about taking a position in the stock but am scared to pull the trigger. I'm hoping someone can help me understand why the stock is up so much? I am looking at 2011 estimates and see it is already at a 27 PE with revenue growth of 6% for the next year. Seems overvalued to me but I must be missing something. Should I be looking at other metrics to value the company?
I see the large investors in the company are very well respected firms and they are not idiots. Any help would be appreciated.