Novatel Wireless Inc New  (NVTL) Trade Now »     Rate NVTL  -  Discuss NVTL  -  Add to Watch List        

I can see the company earning $1.50 in 2008 and Over $2.00 in 2009 based on current trends in the core business and only modest success of the new "large opportunities" that the company discussed in its last conference call..

Now if the company executes on its buyback and actually buys more as it indicated it might do, this could increase earnings estimates above to $1.80 this year and around $2.50 for 2009. Given this kind of earnings power and growth $45/share is very reasonable even in the worst of market environments.

With over $7 in working capital (most of which is in cash)