Run to $20, page-9

Thank you for noticing a second typo - as you'd agree a P/E approaching 50:1 is indicative of a growth-stock, and in order to support such a valuation we'd need to significant contract growth. Since we know the company is familiar with their obligation to report to market any activity that materially impacts the share price (after all, they did that after the Orbital deal) we should see reports of these contracts that everyone seems to be banking on. We don't. This implies that either the company hasn't yet reached binding agreements - making it a speculative stock, or management is breaking the law. Given the integrity of the board members is clearly beyond reproach it's more likely this is a spec stock.

As for space: revenues from the space division fell from 11 million in 2015 to 9 million in 2016 - this implies that optical tracking of space junk has few current customers or that there is a problem with the business model - as members of this forum have noted on other threads, EOS did not attend the space junk conference last month - the main revenue for the space department would appear to be making optics for space applications - once again, a defence play.

Based on cash flows in the general report, the space division isn't about space junk, it's about making optics for spy satellites. Only one of our allies has the cash to want that. And it isn't clear that they're replacing their equipment anytime soon. I'm sorry to tell you that according to the annual report, the Space division lost six times the amount of money the defense division made: it's an interesting story but not yet a viable business.

If you believe this stock is going to $20 in the short-term, then my simple question remains: where are the contracts that underpin that valuation? IMHO ~$3.70 is where we're going.

Hey - i have a small parcel of shares, I'd much rather you be right than me, but what do you base your $20 valuation on - other than "this is a tech stock that does laser tracking of stuff in space?"