Hello All,Thought I'd post some lengthy thoughts in this message since this board is kind of slow.Just purchased some of this stock after doing some research. Every site I go to the analyst pretty much give this stock a rating of a strong buy.You look at the chart and see this share price is almost as low as it's ever been after peaking around $35. Sure growth estimates are nothing extraordinary but I feel the stock is currently undervalued. All EPS growth estimates are positive. The PEG ratio is less than 1. The tech stocks seem kind of risky right now. What better stock could you ask for. Last time I looked at a stock with a similar history it doubled in a month. That stock was SAVLY. Now they had negative earnings estimates but next years growth is estimated at ~100%, but same situation. They started out about $9, peaked at around $60, then dropped to $7 over about a span of 4 years. I bought some at $7 and sold for an 85% return in about a month. It's too bad I didn't have too much of my portfolio in it because I thought the stock seemed kind of risky. I won't be so chicken next time and miss out on the good returns. I am definetly putting a much larger percentage of my portfolio in REMX than I did in SAVLY.Anyway, I think REMX is a much better stock than SAVLY and I plan on them doing the same that SAVLY is doing within the year. REMX's balance sheet shows pretty good improvement from year to year. People have shown they know about the company and have been willing to pay for it and I think they may get back in if they ever see how low the price is.I just hope this stock has all ready hit its low.This week hasn't shown much change in share price but look at how high the volume has been compared to the average. I consider this to mean someone must be selling a huge amount of shares (compared to the average volume) at a given price and that is why the price hasn't risen (or fallen) much this week. For that person to sell, there has to be buyers, right? So, since the price isn't dropping on this above average trading, once all this persons shares are sold, hopefully this share price will start taking off. What's anyone elses take on this past week.I think a price of ~$20 a share sounds reasonable. Afterall, this company continues to improve it's balance sheet even after it peaked at $35. It was just probably overvalued at that price, just as it seems undervalued now. The current PEG ratio is about 0.46, the industry average is ~ 0.86 and I can't see why this stock doesn't hit that average. Assuming estimates are made, that would hit a price of $21 per share, which would be excellant. Using multiples of the whole industry sector, this stock price would sky rocket, but I doubt that will happen.What's anyone else think about this stock.1newinvestor
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