RE:RE:RE:RE:RE:RE:RE:7 dollarsWhen times are tough, no earnings = no interest in the stock. Investors like to know that the company can be profitable during the hard times as well. I’m sure we will see increased interest in this stock the moment they report positive EPS.
I’m already aware some don’t agree with this but hard to deny right now when you see tech companies with earnings moving higher.
I still really like the potential here but sure hate how they keep using the big acquisition last year as an excuse for spending and quarterly losses. This has been dragged out too long and needs to improve.
To be honest though, unless we see another major market shock I don't expect to see 7 bucks. I had calculated a fair value price around $10.60 (including the negative net income) after last quarterly report, but can dip 20-25% below that in a selloff.
Sure would be nice to move a little higher here incase that selloff happens.
GLTA