RE:patience is running thinTypical small cap stock...Overshoots on the upside AND the downside. Fundamentals havent changed in the last 2 weeks while the stock tanked over 30%. So question is - was it overvalued to begin with? They likely need to improve sales meaningfully to justify the $2.60 but is it a $1.74 stock? Roughly 30% of this is cash so you are paying little for the actual biz. I wonder if those multiples are adjusted for the cash position. In any case, aside from the cash, they have a strong mgmt team, good prospects in China (not included in earnings estimates), very healthy backlog to get them through 2-3 qrts assuming ZERO sales and an attractive valuaiton too.