I don't really care for Spanspur and I think he is exaggerating but for me there is no way CAMP doesn't retest the low 20s, and that would actually be healthy long term.
Like the stock but glaringly overpriced (was at around a forward P/E of 50). Great example of the herd mentality--a couple of years ago the company couldn't buy a presence for itself and now it's waaaay overexposed as sheep pile in just before the trap door is sprung.
Shorty falls flat on his face as usual. Most retail sheep have no business shorting stocks.
I don't get it either. They might do 75 cents this year--heck lets say they do 80. we're up around 40 forward P/E. wow.
My big problem is without the tax loss they did 12 cents this quarter. Granting healthy (say 25% annualized) growth, when the carry forward expires in a couple of years we are looking at about .75 cents a share. Still over 30 P/E.
I don't short stocks and I find your defensiveness about even a mild cautionary statement sign an interesting indication of who some of the current buyers are.
A lot of us have been around here for 15 years; we've seen a lot of things happen.
People said the same thing about their DBS business 15 years ago--endless supply of customers, perfectly positioned, etc. It didn't work out that way--there was commodization, product failures, changes in the needs of big customers, etc. I'm a huge believer in M2M but there always risks; this isn't a monopoly and I think the stock has gotten way ahead of itself.
I get that this is a growth sector and I like the acquisition but I have feeling this could end badly for people who are buying up here. The P/E is above 40 and even the forward P/E is at least 30. Monday this was a $24 stock and I'm not sure what has changed in four days to make it a $28 stock.