Why is this pe considered high for this profitable small cap with consistent growth. Investors are paying same multiple for Starbucks, which is a much more mature company. Not to mention that this company also stands to be a takeover target!!
randvati, I agree with your sentiment, but the company isn't a takeover target. Jimbo is the only person that can dictate anything because of his separate class of stock. Right now he is having too much fun and success to consider selling, but it's a great insurance policy, that he can sell for a big premium anytime he thinks it best. This is the best of both worlds, because of the LT downside protection caused by Koch's ability to decide to sell at anytime he wants. The line to buy this company would be long, since it's best in class.
You will need to keep waiting, the stock isn't going to do what you want because of the small float, continually increasing share buyback and most importantly those stock options. Keep waiting for a few more years and you will keep missing the boat. lol