Joe I have to admit the one thing that concerns me about this stock is the first thing you brought up, the high PEG which was 9 and is now over 11 . That being said EVC is in a field that can pop at any moment with additional contracts or partners like HIMX did today. The thing that most sold me on this stock was the chart pattern and just following the trend on a well liked stock. I think we just have to give it more time. Zacks still has EVC rated a #2 .
Good comments Superbowl and thank you. Earnings visibility on this stock is a challenge for me ... and yet long term I like the business they're in and M&A activity in the sector just adds more intrigue. This is a tough one to call.
You're definitely right on the chart pattern and what little credible earnings projection is available.