In spite of this excessive comp (IMO), I do believe in the company, their brand and business model. Marketing is working as proven by sales growth and the product is solid based on reviews and customer satisfaction.Sure margins may be pinched, but that should be offset by increased sales and what I think should be lower expenses. All said, I think magmnt is solid and certainly thinks highly of themselves:)
And under no analogy should it be trading at this price. If I were management, I'd take this company private for a 50% premium ($15 per share) and then they could pay themselves even more and lose the headache of being public.I would think private equity would be licking their chops about now.