It's fairly priced right now and right where I had predicted it would be back last Spring.
This stock will trade in the $8 to $10 band for most of next year with possible spikes and dips above/below for short periods of time. Mostly in that band though.
In CY2012, it'll be consistently in the $ teens.
From then on out it will plug and chug based on performance. They'll have to keep paying down debt over the next year or two to get it really low. Debt next year in the $20sM is fine. But they must work that down to single digit $millions then near or at zero $. Thats when the "main stream" investor will climb abroad and ride this thing like a bronco. THEY MUST MUST MUST MUST establish credibility / trust with main street investors before this thing can really zoom again.
I bought in at about $3. I'm sitting pretty right now.
Barring a complete market meltdown, this thing will not see even $6 any time soon.
The next announcement (Q4 and FY11) will put this stock near $10.
I agree 100%, glsierra! Since announcing tird-quarter earnings- while the figures were fantastic, some investors decided to lock in their profits, but every pause provides a buying opportunity for this stock! Those who are looking at this stock: consider getting into this surging coffee & doghnuts stock while it's still affordable. Granted: 2 years- no debt, growing market, great earnings! While I'm not counting on takeover, it's an added kicker. Bye for now, I'm taking a month's holiday and wishing to everyone on this board a merry, merry Christmas!
Your analysis is very conservative based on the forward P/E. It will be close to $10 in Q1. The next slight area of resistance is 8.95 then 9.26. Based on its forecasted growth rate it will be in the low teens in 2011 with the potential of quite a bit higher if it continues to raise numbers. Mutual funds have to get back in to this one and analyst coverage will start to pick up.