On the strength of the Nasdaq rally alone NAVR should be well north of $5.00. When the Nasdaq last passed 3500 (Nov. 1999) micro caps like NAVR were already rocketing past $10.
I have micro caps on my screen with declining revenue, negative and declining eps that have moved up 50%+ since the beginning of the year.
There's no reason whatsoever that NAVR has not participated in the Nasdaq rally.
Bernanke is not going to let this rally fail, no matter what.
Fair value: $6
12-18 mos. $9
Sentiment: Strong Buy