RE: What this one worth?SmCap99:
Agreed with you on a TTM basis. That's how we got to where we are on SP.
Recall that they grew earnings and revenue at over 20% year over year. Also, they added a large chunk of US business and did some needed cost cutting/rationalization. This should result in a 2008 growth more in the range of 30%. Add in the possibility of some large contracts in this growing market (security products etc) and I think 2008 is worth the wait. We could see $2 best case, $1.30 worst case IMO.
I also think that they could demand a premium if they get a big contract (20x) because of the growth potential long term.