Donn Vickrey

Analyzing Gradient Analytics (BVF, RACK)

Chad,

Thank you for clarifying. I will just add one thing. It's not just the quantity of earnings that matters, it's also the quality. That a company meets or exceeds estimates, by itself, means nothing.

As for your multiple compression theory, what caused the market to suddenly compress RACK's multiple in the face of what you argue was good news (higher projected financial results)? Is the market that inefficient?

Best Regards,

Donn