Adding to the gloom: the overhang of an investigation by the Securities and Exchange Commission into SafeNet's stock option grants. The company got a related subpoena last May.
With the slide in its stock price, SafeNet's $364 million market value is now well below its book value, while its price-to-sales multiple is 1.4. The North American technology sector as a whole goes for 1.6 times revenues. Contrarian investors, particularly those interested in government contracting plays, may want to take a gamble on this beaten-up stock.Full story at Forbes.com