I think it's a great value at this level. But the company always seems to trip up in some way. You have to make your guidance fairly consistently for any of the houses to give any respect with their coverage. They never seem to be able to do it.
The houses are fickle as it is. You can't give them more gristle.
From the conference call it appears the the outstanding international sales were booked in early Q1. SABA continues to have positive cash flow and non-gaap earnings. There was talk of a possible stock buyback...quite frankly there was little change in guidance or outlook for SABA. If the stock does drop below $2.85 I'll be a very willing buyer, otherwise it's just another great little small-cap that I'll continue to hold. I continue to believe $3.00 is a steal, but I have enough invested in SABA in a bear market...there are other great buys in this market. Best wishes to all the shareholders!
Stock market sentiment is the way I am betting although there is no doubt that SABA will be affected by the coming recession. Nevertheless, I am not good at macro economic predictions so I just buy at what to me are giveaway prices.....started buying on May 8(average is $3.56) and really have not stopped since. Bought some at $2.94 and $2.92 today through my margin account. There just are no bottoms in a bear market so I've set up a chart that forces me to buy more as the stock falls....my next buy is $2.85 and on down in $0.10 increments. If stock goes up I won't buy anymore. Unless I hear something negative I'll continue on down until the next conference call and then reacess. Best wishes to all the shareholders...hang in there!