RE: priceI could argue that the stock could move upwards by $5 or more the day of a positive announcement on NB being approved. If not that day then within days of the news. Last month Cinram had a $5 jump the day they confirmed the AOL acq. CRW was trading for a very reasonable multiple relative to fundamentals as is BEV, which currently trades for a P/E of 19.1. It was well known that CRW was working on that large deal & was possibly the front runner..similar to NB in some ways. The CRW deal effectively doubled revenue & earnings for the company without further dilution as will NB do the same for BEV. The CRW deal made them a much larger company thusforth attracting a lot of investor attention & better liquidity in their stock thus resulting in a higher valuation. It could do the same for BEV.
I would carry this further & suggest that if the NB permit is achieved in the next few weeks so they can get building, then the stock could be trading in the $30-35 range within 6 months. This calculation is based on facts & fundamentals not just wishful thinking. ttm EPS in February (after YE results) of about $1.25 (mid range of guidance) times P/E of 25 =$31.25 Cdn. The valuation may likely be higher due to high projected future EPS growth rate (50% annually?) from that point with NB soon to come on line. Yes...I am very serious, Cheers!!!