Price target
Mike, I hope this post doesn't violate the spirit of what you have made a very respectable, no-hype board, but I would like to see how many others feel similar to me about the short term target here.
It seems to me that basic math and growing earnings per share momentum means this stock deserves to be trading at least at a price to earnings ratio of 15.
Looking forward, if they post .03 per share in what is traditionally their "worst" quarter, then, conservatively, it appears they are going to pull 4 cents per share net income in each of the other three quarters, for an annual sum net income of: .15.
Fifteen multiplied by 15 = $2.25.
A conservative short-term price target would be $2.10, no?
