My personal attitude is the same as yours. I am interested in fundamentals. A few weeks ago I saw suggestion that SMCI with a market cap of tens of billions of dollars was cheap. It was trading at a p/e ratio of about 20 based on annualizing the numbers of the most recent quarter. The pps was then about 450 dollars. Subsequently the pps has soared to more than 700 dollars. I have sold most of my shares and increased my stake in SPZI from about 4.5 million shares to about 6.1 million shares.
30 million revenue is definitely significant in relation to the current market cap of a bit less than 50 million dollars. Companies in high-tech sectors usually have a market cap several times their revenues. Thus if SPZI generates 30 million dollars in revenues this year or next year this deal may more than justify the current market cap.
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