right on...see my earlier comments on valuation...the only ones bitching now are the momentum guys looking to make a few bucks and then run...they dont know,understand nor care about long term value of anything...oclr is a steal for anyone under 700 mil...the only thing i disagree with you about is your comment about oclr not being known....they have had 9 analyist covering them for the past year...a heck of a lot of coverage for a 150 mil company....about the same number as agn and bol who are 15 to 20 times their size....in fact a couple months ago i saw that they were 80% institutionaly owned....their problem now is creditability with the street....they must earn back this respect again,and this will take time....a few good quarters and a fundamental regaining of respect for contact lens companies will do the trick....of course, they could decide to sell...good luck.
I agree with the observation regarding analyst and taking time for OCLR to find it's own. Patience = profits when a stock is trading so low. I would far rather own a OCLR at 13 PE with great profits and revenues that a RHAT with no profits and a HUGH downside. WOW!
Again who would you rather own as a business owner a well run, double digit revenue and profit generating company or one losing money and built on internet hype??? When the market goes south so will those internet stocks so overvalued and look out the money will be looking for a new home.
My broker said buy AOL when it was in the mid $100's (2 months ago) look where it is today and look in the same time where OCLR is. A low PE and GREAT bargan.
Yahoo shows that BOL is projected to earn $2.79/share this year which amounts to about $162M. OCLR is projected to earn $1.55/share which amounts to about $36M. Thus, BOL could improve their earnings by 22% by buying OCLR. $700M or about $30/share of OCLR seems like a cheap price for a 22% earnings boost. In other words by paying about 5.6% of their market cap BOL can improve earnings by 22%. This seems like a smart move to me.