re PSIX($2.89): FY22 revenues were $481M; 9-month FY23 revenues are $354M; so doing the math suggests that Q4 revenues will be below $127M...
Who knows how far below? But with the margin improvement the company has shown this year, even revenues as low as $116M would generate EPS of $.34 (as they did in Q3). And that would result in 2023 EPS of $1.10 or so against a $2.89 stock price!
I don't like the Uyghur issue you highlighted, but I think a forward P/E of less than 3 more than accounts for that risk...
We make a living by what we get, we make a life by what we give. --Winston Churchill
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