Assuming a company will grow like Google and have margins like Apple is, by definition, optimistic and this value would be at the upper end of my range.
Already, he points out, banks have had to write down a fair amount of lending on cars because banks were too optimistic about the residual value of the cars that backed the loans.
Wolfe is optimistic that the market will value FEIC significantly higher over the next several months, and he is confident in the company's future as a supplier to the growing ranks of nanotechnology researchers.