NVEC's balance sheet is outstanding. If you take the company's cash and subtract ALL of its debt, you have $4 per share in NET CASH.
At a price of $30.79 less the $4 cash, you have $26.79. If you divide $26.79 by very conservative earnings over the next 12 months of $1.30, you get a P/E ratio of only 20.6.
That is a ridiculously low multiple for a company that is growing sharply and has high margins. It also doesn't even factor in the possbility of licensing revenue from its patent portfolio, which would be pure profit.
I have no doubt this stock is going back up, it's just a matter of when. I'm more than content to be patient.
From almost day one, shorts have had their way with this stock: It's simply a fact. Whether there are legal shares available or not, and generally there aren't, those that chase and undermine the security amd integrity of small float companies have been able to move this issue at will. No one stands in their way. Only large volume days and better coverage and investor interest/confidence will keep this company one that can move beyond a trading vehicle. Only management can eliminate the problems they face.
You got that right. It's surprising to see so many orangutans out there giving up on the stock in the midst of a general market panic, and worse yet, shorting this stock. Over the long term, shorting this stock is a recipe for ending up in the poorhouse.