Covalon Technology Limited (COV)

[zenvesting]

I don't know, didn't my last post kind of explain just how ambiguous determining a fair price for this company could be?

For fun, if you use PEG ratios, or the assumption P/E should be roughly equal to the earnings growth rate, and plug in our current astronomical growth rate over the last year (200%), you could come up with a value of about $18......but with no forward guidance, or even assurance that the Saudi contracts will be renewed at this point, then maybe we are at the ever-nebulous "fair value" now.