Value Microcaps Motherboard

[cleverrox]

IMO Kong is trading way too cheap here. .19 * 4 gives us .76 and a P/E of 13 at the current $10 a share. A P/E of 13 for a company that I feel will grow a minimum of 50% in 05. They are the leading 2.5GHZ provider in a country where only 350M of 1350M people currently have cell phones and only 40% of the 350M are currently 2.5GHZ and the 60% are migrating to 2.5GHZ. That translates to some serious growth.

I'll have to do a mini-DD on this but KONG has $74M cash and a history of giving guidance that they beat. They are predicting a flat 1Q05 but they beat the 4Q guidance of .14 by .05, so "flat" is probably the worst case scenario here.