Agree with you profitman
but as flying_trader told you never forget the cash ($60m).
cksw should trade now in my opinion 3 times sales + cash right now , it's $420m valuation
$12-$13 stock price
for a growth company and no debt this is nothing (X3 on sales) , no real competitors and strong demand for click products , knowledge & experience
for a buyout as i know the ceo, he will not free the company below $15 now, no talking about 2014.
If you ask me who will pay 90% bonus to buy the company ?!
i will tell you that as i know stocks usually stock rally before then the bonus is only 30%-40%.
i reload my patience since 20%-25% growth news , This is a growth company,
the bonus for them may come in a few months.