Industry is projected to grow that doesn’t mean every tom dick and harry will grow … They bought 5 companies in last 3-4 years to show that kind of growth , The guy is saying to reach $1 billion target they will acquire $500 Million company and easily reach there … Thats the kind of thinking i would like to avoid .
These guys are not tech savvy they are just bunch of MBAs think they are smart enough to make Money from Money rather than Innovation .
The products they are talking about , do you know how many companies have built that already ? do you know they are not the only boys in town ? if your answer is yes then i would give 100 PE to stock but the fact its trading at 11 PE is because its not something unique they are doing.
I would still say its a value buy , but seeing management i would not like to buy it at any bargain. They already played so much with books by acquiring companies after companeis and showing false growth.