This is all a part of what makes a market. Not everyone will agree at the same time about what the company is worth. Some left at $0.10, some $0.20, $1.00, $1.60 etc. Everyone doesn't need to get so worked up about what one guy thinks. Allow yourself to see other people's opinions without getting inflamed, it may just help you grow in your own analysis. They guy, in his latest update, says that he could see the stock trading as high as $2.00 before emergence, it is not as if he is saying it is game over.
If you saw Knights report, their mid range was $2.50 with a very attainable EBITDA number and a reasonable multiplier. That was their mid range or "in-line" expectations. I have heard from one money manager who thought the price target was $2.00 and others that thought the target was $3.00. I talked to one firm whose target was roughly $3.00 before the latest MOR and now their target has been revised higher. Not everyone I communicate with tells me what their target is but I know of a lot of firms that own the stock that will never have to file with the SEC because they are not large enough to be required to file. Some will look at a particular target and see it as overly conservative and others will look at the same target as a favorable exit point.
These folks who have set targets are not dealing with a complete set of information, because no one has all of the final numbers and assumptions, so people have to use their own assumptions. We're talking about a process that will continue to develop for a number of months to come. Also, these price targets are likely to be revised higher if top line growth continues and EBITDA continues to grow.
