I don't understand all the confusion. Since there is no debt and the PE is stupid because of the investments, isn't this just a case of asking one simple question: Is a company with consistent and strong yoy revenue growth and +$100 million in current revenues worth more than $190 million?
If I have to spend a dollar to get 50 cents into my pocket that's not a good thing. Its the back half of the year. Remember that?? Lets see if all this spending is continuing to just eat away at profits and cash reserves.