TpT, my technofunkomentalism has been warm to sub-2.20 for some time, so yea, this would meet that 'opportunity' thingy. If 2012 revs disappoint, for me that is at about $52m, then at the current multiple (the lowest multiple in some time) then that would translate to some 2.20ish, or a 20% gain from here, which I expect to beat the market. I generally mock-up revs at more like 62m for 2012, which at currrent multiples is 2.65ish and at more 'normal' WAVX multiples is closer to $4, which again I would expect to beat the market. Q4 should inform these notions a fair bit. I don't consider any of the above to be particularly aggressive guessing, and all of it trounces 1.80 and trounces my expectations of the broader market and the preponderance of my individual equities. If my SWAG for a Monday hammer happens (kinda like guessing weather a month out or the exact minute of an earthquake) then that may well represent a best guess near-term bottom. It is important to note that Wave often swoons this time of year, Voids get rather grumpy, options dumps land in the face, bonus numbers go public, Lee tells us that if we want them to put some skin in the game we need to call Congress (*?!) or the SEC (huh?) and that is received with all the mood and respect it deserves. I want to see Q4 and am curious about FBCB2, it seems that if anything like a 10k seat pulse comes out of that it would PR, but I am clueless as to the scope of this DRS? FBCB2 deployment, my guess being it is for the ruggedized notebooks, which I would think are a minority of the FBCB2 device footprint.
There you have it.
Like weby (and as I indicated earlier), I think I'm done with my iHub-Wavx-dear-diary stuff for a bit, things are perceverating a bit.
The above content is my opinion.
