It really is "all about valuation." The business model hasn't changed in the last several months, but the stock price doubled between earnings reports. Why? Because with $6-$7 in net cash and $1 in EPS, a stock price of $18 attracts value buyers. I suspect the same thing will happen again after another 40% haircut.
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Donn,
Jan 18 20:30 pm
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All Comments by Chad Brand »Analyzing Gradient Analytics (BVF, RACK) [View article]
It really is "all about valuation." The business model hasn't changed in the last several months, but the stock price doubled between earnings reports. Why? Because with $6-$7 in net cash and $1 in EPS, a stock price of $18 attracts value buyers. I suspect the same thing will happen again after another 40% haircut.
Chad