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Matthew12321

12/28/18 10:08 AM

#155177 RE: Here Today #155174

No doubt. Conviction buy here. No matter if we saw 500m share dilution from legal settlements related to the convertible easy valuation adding to 1bn shares for 2019 is 32 - 34m rev est. at an industry low band average multiple of 15x rev market cap should be 495m the PPS would be ((33m rev * 15x mult) / 1bn shares) = .495 a share. It is now at a point where valuation is too compressed. Downside is .065 and upside is still that mythical dollar area so .80 - 1.20 depending on management's performance next year. Buying as much as possible down here.