Have fundamentals changed ???I haven't followed too closely. But from what I hear fundamentals are still the same no ?
So they expect $150M revenue rate at end of year + 15-20% organic growth + some acquisitions. Forecasted profits of around $0.10/share. Plus over $50M in cash. That should be worth way more than $0.43 no ?
Another aspect: Other buyer was ready to buy Sleep management for $100M. PHM ended buying them. Now you can buy PHM that has $56M of cash for less than $150M. So basically the other buyer could buy PHM get Sleep Management and the balance of PHM for the same value he was ready to give for only Sleep management less than a year ago. What am I missing ?
Other than management change and some deception and misunderstanding is anything wrong with the fundamentals ? Shouldn't this bring us to $0.80-1.00 range once shorts and tax loss ends ?
Thanks for sharing your views. I couldn't resist buying more today. My average is now is $0.51. I will buy more if it falls in the $0.30's. But I can't stop wondering if I am missing something.