Redback Networks, Inc. (RBAK)

[eagle_2975]

does anyone mind giving me a break-down of how this is being valued to justify a stock price above $12? The stock is trading at almost 5X the annualized results it posted for q3 2005, is still losing money left and right with no end to that in the forseeable future. Have they even said when they expect to show a profit? The growth is decent when you look at it year over year but its hardly staggering sequentially. Right now it looks like the only thing moving this is a strong overall tech market and short covering. I'd appreciate some thoughts, comments, rebuttals, etc.