hahahah, just kidding, but it is possible, as they increased their revenue projection about 10%, and that would still be at 15 X forward REVENUES
PLUS has forward REVENUES of 55 cents a share! Do buyers at $7 really think there is upside? And they ARE LOSING MONEY!!
So, at $7, this company is worth $910 million. Really??. A company losing money with forward revenues of $70 million is worth that much? This is worth at MOST, 2-4X forward revenues, or $280 million. Ridiculous price at these levels.
Yeah, I know, that blew it out of the water. Beat by $500K. Of course that should cause PLUG market cap to go up at few hundred million like it did.
Which means, another LOSS in 2014. Sure, why shouldnt this be selling at 15 times forward revenues. Plus, they never seem to meet estimates. Keep buying though!
TWTR selling at about 15 X forward revenues, PLUG selling at 10-20 times forward revenues. Sure, that makes sense. Keep buying, please.
Ok, I will buy, but perhaps at $2 or so. The growth rate implied in this valuation is absurd.