This convertible debt has been discussed at length by OCLR management so it is no surprise.
I take the announcement that the bondholders all have agreed to convert as a sign of stock price appreciation since the bond is a safer option.
Also, the bondholders may be thinking that they should convert now before a possible acquisition in 2014.
The next milestone in the OCLR recovery is the continued RIF down to 1500 employees by July 2014.
There are big plans for new LTE-A mobile networks worldwide for the next several years so OCLR should see a rising sales trend in 2014.
I just looked at the Oclaro PowerPoint from the Needham conference.
It is very positive and describes the Oclaro turnaround plan including the RIF down to 1500 employees by July 2014.
I agree we are heading higher in 2014! New CEO is doing things right.
Happy New Year and and may we all prosper with OCLR!
Sentiment: Strong Buy
if you are a value investor, you buy companies that are beaten down for reasons that can be quantified or understood. If you have done your dd on Oclaro, you will see that the assets are higher than the cap. Hedge funds/shorts will beat a stock down .. punishing it for misteps .. and Oclaro has had it's problems. But the market it addresses is recovering fast, the products are solid and selling. New CEO ... and if you look at where the stock was before the shorts had a ball with it ... you will see your sell point for a 6-12 month gain is likely double from where it is now. Nobody can time the market. Buffet said "the stock market is a perfect mechanism by which the patient can take money from the impatient. The day players will take it up and down ... but as the fundamentals improve and the company turns a corner .... it will go up on average. This stock is way undervalued for the assets, market, and position. I'm happy to let the players make their money buying and selling .... in the end, I will walk away with a double or triple ... Also, when you take profits ... take enough to cover your initial investment .... or a bit less ... then anything after that is gravy... move on the the next one.
Certainly understandable wanting to take something after a run over this short period, however the thing most people miss is the beating a company takes from shorting due to a company not being able to show value for the assets. The problem is that when the value becomes apparent, and it appears that the real value may begin to match pps, whether by better performance or sale of assets .... the run to value crushes a lot of shorts, those who sell early miss out, Hard to pick a top on a stock that is fairly valued ... but this stock has been beaten down to crazy pps due to panic and poor outlook. It's clear now though that the company will either realize via better performance, or sell, and we are not even halfway to the value of assets. I won't start selling till we hit 6 personally, but I would not be surprised if it gets to 10 or 11 by the end of 2014
This stock was on the verge of bankruptcy and the new CEO is turning it around. Looking forward to reach $6 plus for 2014. Happy New Year!!
Sentiment: Strong Buy
They've essentially wiped out their debt. Alleviation of those concerns alone should propel this stock up this year I think.
Be thankful this holiday season for the reason and not the fanfare , Christ is the reason, unto us a child is born and a Son is given , every knee will bow and every tongue will confess, contrary to your doctrine. Be blessed and thankful to GOD for everything.
I made over 100% on OCLR in the few months and this stock is on an upward trend. I will keep my OCLR and you can keep smelling whatever that pleases you.
Sentiment: Strong Buy
of shares already priced in ? the stock to a big hit when this financing was arranged. This seems to me like clearing a bad deal of the books , eliminating debt, & clearing the way forward.
Click link in Y! Finance for full article. Oclaro participating...
Underserved Areas of Rural Austria to Benefit from High-Speed Broadband Access
Martinsried/Munich, Germany. January 22, 2014. ADVA Optical Networking announced today that it has launched a WDM-PON trial in Austria offering uncontended gigabit connectivity to residential subscribers. Conducted jointly with Energie AG Oberösterreich Data GmbH (Data GmbH) and ELCON Systemtechnik GmbH, the trial is designed to assess WDM-PON technology for next-generation residential broadband access. The network was deployed by Data GmbH, a subsidiary of Energie AG Oberösterreich, in the Austrian municipality of Allhaming. Using dedicated wavelength connections, the trial provides residents with symmetrical access speeds exceeding current commercial offerings by more than a factor of 10. Allhaming was chosen for the trial because of its location in an underserved rural area with poor broadband access. WDM-PON technology is especially suited to such a scenario. It enables individual subscribers to be independently connected to a remote central office that can be tens of kilometers away. Optical WDM allows subscribers to share a common trunk fiber and eliminates the need for active field equipment.