Wave Systems Corp. (fka WAVXQ)

[Shiba]

So based on MDB buy rec

does this also maybe mean they used 30X P/E as their guestimate to get to the $6 price target? Based on .21c next year earnings estimate it would appear so. But that is 18 months out and I thought these price targets are more like 1 year estimates. If that is the case than they they used a higher P/E guess than 30. Maybe more like 45.

I am always interested in peoples P/E thoughts once Wave turns profits so any ideas are appreciated.

Fly Fisher I completely agree on your thoughts about the numbers being conservative. It makes sence for them to be conservative as they can always increase the estimate and targets with reiterated buy or strong buy type of recs. Much more positive and credible than overshooting and needing to revise downward.

Shiba