Piper thinks the stock is a "Mkt Perform" as opposed to an Underperform b/c it was down alot and they can control ESP enough near term to make his penny above consensus # this qtr.
That would seem to be a very valuable penny, though his PT is $30. Makes you wonder about who was buying this "recommendation".
Personally, it would be nice to see it move up a little more, but the real issues are more than pennies, so I can't see that happening. Most holders will be looking at this as a "what level can I hope to get taken out" story as opposed to the former growth story.
Interesting timing and considerable buying in FDS before Piper upgraded. Took his time, didn't he.
We flattened our position. Unfortunately, about 27% before the upgrade. The rest since.
In answer to your last post to me, we'd taken much that you mentioned into our forward look when we began with FDS in March 2004. Unfortunately, we'd been lax on it in the q1 of 2005- then it bled from $32 to $27 rather quickly.
I don't know about the "hope to get taken out" story. After June we may approach it again, though given our recent sentiments- we would be much more willing to bet directly against it should it reach the $33-$35 range.
How did you get to be so smart? You are a person who seems to know it all. I would go further and even call you a know-it-all. There does seem to be some sensitivity against this company too on your part. Maybe you are little upset? Even a little angry.