You make good points. I disagree with you about engineers. I am one and I could put out fluff with the best of them and sell like a madman when I had to.
The issue I have with VTSI is that with a proven track record of 20% growth, Net income that is greater than 10% of revenue, net cash on the balance sheet, and strong forward prospects.....the company is worth more than its current enterprise value. It deserves the same multiples as a company like Taser. Heck, it deserves even higher multiples.
Give VTSI a similar PS and/or PE and/or EV/EBITDA as Taser and you have a $8 to $10 stock today! Pretty simple really...which company's stock will perform better going forward? Obviously VTSI.
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