via Briefing:
| FNSR Finisar profiled in Barron’s Online (1.82 ) | |
| Barron’s Online reports Finisar has rallied about 36% in the last week, mostly on the strength of a presentation by Chief Executive Jerry Rawls at a technology conference held in Boston by JPMorgan. But at a recent $1.82, Finisar shares are still off 51% in the last 12 months, and down almost 100% from its price back in 2000… The JDS Uniphase merger ultimately unraveled as parts of the co were sold off and the high-flying stock lost almost all of its value. One concern is that the deal looks as if it was done for the cash alone: Finisar had $76 mln in cash and cash equivalents at the end of the January quarter, but $177 mln in long-term debt. Picking up Optium in an all-stock transaction gives Finisar an extra $48 mln in cash from Optium’s balance sheet. But it’s unlikely the deal is just about the money. The merger would advance Finisar’s standing in equipment that runs phone cos’ fastest networks. And Finisar has been disciplined in its own expenses, suggesting it will wisely manage the cash it is acquiring. If Finisar can cut costs through the merger and boost profit margins, its stock could rise from its depressed valuation of roughly 12.6 times to something closer to the multiple on the Standard & Poor’s 500 index, perhaps boosting its shares to $2.20, a return of over 20%. |
Did LEH just get upgraded or is a Guerrilla covering?
(Simpson’s bully laugh:)
Haaaah Haaaaah!
FED gettting the well deserved homo hammer in the early innings. Hope you “stayed true.”
FLY what are your thoughts on MVIS at this point?
Buy in the 2’s or late August.
Any thoughts on EGY?
Besides “egregious.”
mvis is gay 🙁 gets fucked in the ass by MMs and Shawties…