Kind words-Thank you... I have mostly been watching and waiting from the periphery. Despite some frustration, I am confident in the likely progress and upturn ahead. The rather large mood swings over the past three weeks are interesting. But compared to just three months ago, we have seen a significant plateau. After a few deep breaths in response to the drop following the cc, I remain very optomistic in the Co. reaching a much stronger valuation. $5 by Q4? I'll predict $5 by June 15. Simply because IMO by the end of Q2, most savy investors will see the trend headed to profitability-and they won't want to wait til Q3-4 to get the "assurance" that some analysts wait for.... your thoughts?
Thank you both , for your insight and comments. I missed that, so appreciate it. Am surprised they anticipate less revenue for Q2, yet still affirm expectation of profitability by Q4.
Also don't agree with the logic of the Hold at $3.50 target price, when the price was higher before yesterday 's hold sentiment. Why hold if no expectation of growth and stock raise. If stock will rise, may as well buy, get it? The sentiment does not match the investor confidence at large, or does it? This company sure seems to drag its feet at times, or not know how to market itself powerfully...( I'm just frustrated!) It is an industry leader in ic, but not yet profitable! (frown)
The surge in the last few weeks is a sign of confidence in the Vitesse investor community. IMO, Vitesse has little, if anything, going against it, at this point. They have a lot going for them.They have (slowly) put themselves in a healthier financial position. I personally have not liked how they do everything (like the reverse split!! It still hurts me). But most decisions I accept. If you take a little time to research or view their recording of the needham investors conference in NY last fall, you can see the large potential market they have within grasp. It's right around the corner. For longs, like myself, this has been grueling, to say the least. The next cc Feb 4 may show flatlined to slight up-tick in sales, etc. -- Which I expect. But projections for the latter part of the year are reason enough to buy now. That's when I expect to see extensive sales and stock price surge. They are currently so undervalued, its pathetic. Longs, this year and next may prove the wait worthwhile.
Best to all