With 160m+ in cash on the balance sheet, no debt, and M2M (Internet of everything) Revenue expected to expand greatly over the next 3 to 5 years, SWIR should be moving to new & all time highs.
Instead it is struggling to break through a Market Cap of the mid-$300M. I guess the investment community just doesn't believe in management or SWIR's ability to execute, yet they like to invest in companies like Tesla, SFDC, and Netflix that carry forward P/E's of 70 plus.
This is why I question the investment industry as being a fixed game that feeds on the individual investor.
No question, management will have to earn credibility executing the new strategy of being a homogeneous M2M play....Agree it is grossly undervalued....will take more time and dependent on when they pull the trigger on a material acquisition ...