NVE Corp (NASDAQ:NVEC)
The Company develops and sells devices that use spintronics, a nanotechnology that relies on electron spin rather than electron charge to acquire, store and transmit information.
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Great mover. Should resume uptrend after this current correction.
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The strataspheric valuation seems to be based on the promise of MRAM, which has never been reliably manufactured, and patents that probably are no longer enforcible.
After the recent jump in price, I see now reason for this stock to outperform the S&P 500 and every reason for it to underperform.
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Technology will bring results as time wears on
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Management is grasping at straws (I guess they'd be nano-straws in this case).
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Do they, or will they ever, sell anything? I don't think so.
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