I'm being conservative. It very well can get more then 10 PE if growth investors take it higher. But I'm a conservative investor. I rarely place more then a 15 pe on anything that is just my style as a value investor. It certainly could run further then I say. But I'm certainly not gonna give it industry average I mean it is a OTC that currently has untaxed earnings. Now it will be untaxed for years because they have 43.6 million in nols as of the last 10k, so about 42.3 million as of right now.
Maybe I'm conservative, but I believe that is the best way to be with your investments. Always skeptical of things I'm long, and don't be married to a stock. I'm a value investor it trades at a value multiple. could it become a growth investor story absolutely. Will I be there when that happens absolutely not. I will be looking for my next value story. My strategy allows me to take profits and stay disciplined, without rules as and investor you can't have discipline, sure there will be cases where you rule/parameters come back and bite you, but it is about building a process and sticking with it if your consistent and you put the work on the DD front as and investors. Most small investors can be successful, but if you don't follow a set of rules, and you stay undisciplined who knows maybe you get lucky here and there, but luck is not a strategy I want to use, this isn't just about finding PYDS, not being greedy when you have profits, and booking them, but it is about using a strategy that can consistently win for you. everyone has a different strategy on that and there is certainly more then 1 way to do that, but regardless of what style you have technical or fundamental or both in nature, you have to be consistent with you approach for two reasons (1) Keeps emotions in check (Mother of all evils in the market) (2) so you just have a game plan, without one in my opinion this market will spit you out and it won't be pretty. Not saying any strategy is fullproof or there aren't days where I/you will feel miserable even using a good strategy.
In conclusion Yes PYDS could run further then a 10 pe easily. But I'm a value investor a 10 pe untaxed for a non listed stock is where I feel fair value is for a growth story like PYDS in my opinion. Am I being conservative yes, but that is always a good plan to have in my opinion. All is just my opinion, and I could always be wrong though.
