yea, and yahoo was "easily a $2000 stock" as was pets.com
That was what some fools were claiming back in 1999. You are hysterical with your lack of financial or analytical knowledge. Based on what metric, does HOTT merit a stock price above $3?? Go ahead, tell us all about it. We'd all love to hear the best joke that we can all tell over the weekend.
> Based on what metric, does HOTT merit a stock price > above $3?? Go ahead, tell us all about it. We'd all > love to hear the best joke that we can all tell > over the weekend.
Everyone needs some laughter in their lives, so here is my take:
HOTT has about 40M in cash and short term investments less debt HOTT is currently rocking around 50M in free cash flow per year. Assuming that HOTT has zero growth over the next seven years and that their business does not deteriorate. Then they would be sitting on 390M dollars. Divide by 44M shares and you derive a price around $8.80.
wow do you really think this should be at $3? I guess they make about $20 million annually, and the market cap is $540M. PE of 27, with a growth rate of 20% (of questionable sustainability).
Its so blatantly overvalued, ESPECIALLY in view of the broader market. There are some very good companies out there trading at less than 50% of book value. And yet there are people (asset managers? idiotic retail traders?) that choose to buy this garbage instead. Its amazing.