Stec has been really beaten, and i could see the stock going down, but the fact is that it has become a real bargain, i believe it could rise for a quick grab. Should it fall below 14.04 you shoul sell your position as it would go test 11.
TTM PE is 40, Forward PE is apx 18. 2009 earnings est of 1.59 givs STEC a target of 28.62 using the lower end PE. STEC has regularly traded at 25+ times earnings which would give it a target of $39+ for 2009. For 2010 target would be $42 if you use the Forward PE of 18.
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