RE: Why are the poster right and why is the market wrong
posted on
May 30, 2006 04:30AM
When there is almost nothing for news, 10x TTM earnings is a decent valuation. With news and exhuberance 20-30x TTM earnings was the trading range. I see nothing out of line. I would think everybody is disapointed with the lack of signings, but (my speculation) when you`ve probably raised the price to pay by maybe to 50 million, it`s getting to be a steep cost without a court`s valadation.