More hyping and spam. Any time investors see the P/E cited on these shares as a main point of hype that is the first clue to stop reading.
The fact is, the shares are severely overpriced and only sitting at the current levels due to the recent market rallies and unfounded expectation about a company break up that began back in July. The fact is, the company is every bit the same mess it has been for the last 8 years when it traded in the mid teens, with mostly the same management and board, is increasingly getting eaten by competition, and almost exclusively reliant upon legacy products that will become obsoleted at a rate faster than any change can occur to offset the impact. There has already been countless stock buy backs which have done little to help matters and countless layoffs, also having no real shareholder effect. In fact, between buy backs and acquisitions the company has managed to blow far more than the actual market cap of the company today. So any more of the same will do little to bail the company of the fundamental issues it faces. And more of the same is exactly what can be anticipated going forward. A small dividend could happen but that is simply funding diverted from buy backs or badly needed strategic acquisitions. Bottom line is any hype and expectation is now more than baked into the shares. It is all but assured the sub $19 level will be seen again many times this year, in fact likely occasional dips into the $17's depending on market activity. So unless investors have a short-term momentum mentality and are willing to take big risks, this would not be the time to take new long-side positions.