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SMT has also business and financial products which are not related to states budgets. Also SMT is been accumulated by one hedge fund. I expect 20 to 50% up in next days.
The big question--and I remain agnostic--is whether schools will continue to buy smartboards in a time of declining budgets and increasing classroom usage of smartphones and tablets.
SMT is selling products also to other countries than US. They sold 25.8M to china and 12.2M to Europe in Q1. At PE of 10 and PEG of 0.46 , SMT is extremely undervalued