$1.60 is cheap because the stock is going to run multiples higher.
That's why it's cheap. A PE of 8 for a hyper growth company with the realistic fact that earnings are going to be raised is a joke.
The tax savings shouldn't be discounted -- this is very real cash to the bottom line that's available for buybacks and dividends since they have zero debt. Savvy investors don't ignore millions of dollars in tax savings hitting the bottom line of a company clearly not shy about returning bottom line dollars to investors.
Raw
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