interesting Xstor, veecat and Forged, you guys have been on the...

interesting Xstor, veecat and Forged, you guys have been on the FGE thread since ages , i can remember , do you see the same thing here?
The only issue for me is the dilution and shares on issue with azg.On paper it sounds really good. If they meet guidance we are looking at a ROE of 23 and EV/EBITDA of 2-3 and p/s ratio of < 0.75. Thats cheap. The last time I bought a stock at those metrics was JIN (much higher ROE though) and MAQ. We know what happened with the former.
I am waiting intently on some sort of updated guidance for FY 12 and the price will follow. ZGL was another stock that had similar metrics and brokers ( austock had provided an amazing guidance although i must say the company never did) were factoring in a good FY11 and it went the opposite way after guidance was met. i am down with zgl but is showing great value now to start adding. Fortunately AZG gives us a great margin of safety.
good luck