SMTC Corp (fka SMTX)

[docean]

The entire market is down on inflation concerns and the feds not stopping at 5%.
The p/e of this stock based simply on extrapolating the 0.06 per share of earnings this quarter resulting in 0.24 in earnings for the year is now below 12. I suspect that once this hits the radar screen of some institutional investors we will be significantly higher. Taking a conservative p/e of 20 at just the 0.24 in earnings you can get to a share price of nearly $5 per share (almost a double). Of course, keep in mind that the management team reiterated that they anticipate increasing revenues and earnings for the year. Take a look at AEHR, CKCM, HOM and others for examples of stocks who had just hit their fourth consecutive quarter of profitability and what happened.