Post by
93Darkhorse93 on May 04, 2016 7:05am
So Tempting, Just need any Incremental Positive...
Have been stalking this company since the collapse last summer, you have to commend this management team on their finance raise up at much higher prices that is part of the reason why I believe this is such and low risk play.
Looking at the balance sheet they have 50M in cash just sitting on the balance sheet and no debt.
Essentially I can buy the underlying business for 0.60SP, essentially valuing the company at 1x sales which grew at 24% YoY.
The problem is I could have said this for the last 8 months, what is going to be the catalyst to turn sentiment on this name.