And until they can cure that "one phone call and 30% of your revenue is gone issue", it has to hold the stock back. Seemingly the only solution is to double other sources and take Rabo down to 15%. And that's not happening for the foreseeable future.
Okay at $27 with Rabo, but $15 without. Too big a contingency.
If they deliver on revised guidance that'd put the forward PE in the range of 25? Suspect they'll be some maneuvering early today but it'll settle in that $27 range, unless something goes weird on the CC again.
They appear on track and transparent with comments on customer concentration and dollar effect. Seemed to have learned from last qtrs timing miscalculation.
We'll now see what the traders do.