With the recent Alibaba investment into shoprunner at $600 million valuation, dwre trading in the stratosphere, this sector is getting repriced as we speak. The replacement valuie of $100 million is real and should finally get added to the stock price since the infrastructure is becoming more valuable with the cap-ex yearly upgrades on the fulfillment and call centers. the most recent October presentation is putting service revenue scenario's out at $175 million and $250 million in revenues; I am starting to think that these are minimum and upside projections for 2015. I think this company is so undervalued based upon these new estimates and the new partnership with transcosmos that this company could easily end 2014 at $15-20 and 2015 at $20-35 bucks; and I am not crazy. They are close to hitting their stride. If special situations sells it will just allow the big instituitons to accumulate more quickly because this story will have to be added to all growth and value portfolios; going into the index in 8 months will help get exposure also!!!
Well said lowl22. I couldn't agree more. Special situations is one of the smartest microcap investors in the marketplace. They will sell sparingly on the way up but I doubt you will see them exit the position anywhere near this valuation.