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Monday, December 15, 2008 10:26:18 PM
Oh yeah, I'm poised on the sell button. Yeah right!
In fact, this stock spent the majority of the past 36 months sitting on an average price to sales ratio between 3-5. And for very good reason. The average buyout of a company like this is 10 times sales.
I did some figuring today. The current price represents a price to sales ratio of roughly one half of one. That means it can go up 1000% from here and be fairly valued compared to its trading range of the past three years compared to its fundamentals.
One sad difference this time for the bad guys. They will be doing it with profit dollars this time.
You guys wanted your questions answered. You ready?
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