The new CFO was promoted from previous position as head of business development. He´s a veteran investment banker obviously hired to grow the company by acqusition and or sell it. I imagine he was, more-or-less, promised the CFO position when he joined the company a year ago. Did a good job and is now being rewarded with a better title, responsibility and $$$.
Musk, good to see you again. I think you are correct. Probably an overeaction. I get intrinsic value at 208, a buy at 173 using the current numbers for 3 to 5 year projected(22.40) and eps est. of 8.07. Just for grins I assumed they lower growth rate from 22.40% to 16%.......I then get intrinsic value of 166.40 and a buy at 138.66
Cool, Jaq. IMO, intrinsic growth is less important to this company than accretive acquistitions and a sale to a major. That is my thesis for holding. Today´s blip is nothing given the rise over the last year. PT is headed up over $200. I think it´s pretty safe to hold. Missing the numbers was a good excuse to send the old CFO packing. We are going to see lots more deals given the background of the new CFO.