INVN post-earnings move and valuation ?3
INVN hit a high of 12.60 this so far this morning. Subtracting out about $3 of net cash on the balance sheet results in a hybrid PE of 16 at that level. So, as I write in my upcoming article, that's about fair value for those who wish to ignore all positive future indicators. I think we'll see better stock prices next year, and maybe sooner depending on what sell-side analysts have to say. One should always consider how gains or losses will affect taxes, due to short and long term characterizations.