Hweb2, while I appreciate your sober outlook and independent opinion, it seems some of the ideas you presented as fact may deserve a second look.
The company is fundamentally healthy relative to just about every metric in comparison to other growth companies (and many value companies).
They did not exactly "recover" (or have a need to)... but rather consolidated. Their revenue has not been "stuck" for many years at $20m. They briefly got to this level after revenue trended successively higher year after year over a long period of time.
For the "two years" you reference, which was actually closer to a one year period, they paid off debt, increased R&D, overcame currency exchange challenges, sheltered economic and market headwinds FAR better than the broader market (as well as their peers), and surpassed all expectations for optimizing new and substantial contracts across many different verticals.
They have become recognized as the best practices standard for their field by the US Department of Transportation. They are led by a masterful CEO, with credentials that read like "the most interesting person in the world", who by the way, specializes in mergers and acquisitions.
They have virtually no risk of going out of business, and only a little risk of needing to dilute shareholders (which if needed, would presumably create extraordinary value).
Regarding this week's valuation, how many companies do you know that have very little risk of going out of business, that can realistically explode several multiples?
While the momentum traders definitely exacerbated the run up, and now we're seeing the same phenomenon in reverse... the legitimate investors justifiably have fear of missing out. It would downright suck to be holding for 5-8 years and then be out right when meaningful contracts or a buyout get announced.
Good luck shorting. And by the way, I never heard of a "value investor" who shorts stocks.
