Replies to post #124672 on Value Microcaps Motherboard

[Bobwins]

re ATPG because they are forecasting such a steep increase in production, I think you have to assign a low multiple early in the year and rising thru 2010.

Q1 2010 will be higher than Q4, even without Telemark. Then Telemark will increase it progressively thru the summer. Each qtr should be quite a bit higher than the previous one. It will take time for analysts to feel comfortable recommending the stock and raising estimates.

I would guess they will get 3X fwd cashflow mid year and increasing to 5X by the end of the year, when production gains are visible and somewhat assured.