RE: patience peopleIt's tough to determine a valuation on Xign with only an approximate revenue number. We can figure they got about 10M US$ in sales in 2006. Are they profitable yet? (probably not, but hey, what do I know!!). I think we will only get a sense of their value when (if) they go IPO or get bought out.
As for the value of RDM itself, even taking out the tax benefits from those eps numbers, we still get 0.09$ for the two latest quarters, which makes a theoretical 0.18$ eps on an annualised basis. Trading at 5.25$, this would be a theoretical 29 P/E ratio, which is not that extreme considering the tremendous growth we are now experiencing, in my humble opinion.
Also, RDM has long been flying under radar. If more analysts start covering the stock, we probably will benefit from this buzz. (But this may just be some wishful thinking on my part!!!)
Cheers!
Nick