$212M in cash and priced like an unprofitable startup???
Capitulation and forced selling in a stock that was already discounted for a slow first quarter, (still profitable first quarter). How low can an irrational market take this one? Looks like the traders got in this one and created a huge bargain.
Beats earnings by 6 cents and low balled first quarter for aother quarterly beat. Huge short position needs to book profits while they have them. Could be a nice Tuesday for longs, hope to buy a dip in premarket.
let's see, trading at just under 2x cash of $8.40/sh and no debt, so cash 51% of market cap. Habitual free cash flow generator trading at under 10x LTM FCF with very good margins and very low capital intensity. This biz model has to be deteriorating big time for the stock to be a sell at this valuation level.