Agreed. There are no other companies of similar size in this space trading at such depressed prices. The closest in size (FUEL) trades at 2x EV with less sales/employee & weaker margins. If MM looks like it will meet its Q2 targets, the stock could go easily where it was in April... and that, without even a buyout premium !
With Barrett making a direct purchase, not through options, I think a short term turn around is tough. Especially when MM already guided another lackluster quarter. Barrett buying here does show that he thinks $5.50 is reasonable in the long term, but again, be reasonable.