Citi Friends: Fiber is going to be one of the big winners as flying is given up. LVLT is going to be the winner in particular. They've got $3 billion in cash and if they are allowed to buyback shares, their $3+ billion in cash could lead them to swallow up their tiny 375 million share float. Also, they've just announced a "dutch tender" to take away 1/4 of their debt. And "video teleconferencing" is going to explode in volume and demand with the lack of travel. I know you want a winner, and with Walter Scott (Chairman of LVLT and head of Kiewit and friend of Warren Buffett, and on the board of Berkshire), this one is being set up for, I mean this, a move to $50 in a year from $4. It had a high of $132. We will be travelling over fiber from here on out, and with no one laying any more in the ground, L3's just completed comepletly upgradable network, with HUGE profit margins, is going to score big. Watch it.
Let's say your scenario is correct; airplanes won't fly or the passengers won't fly when they do. Why would LVLT be a better investment than COMS, BRCM, JNPR, RBAK or SCMR? Why put all our eggs in the LVLT basket when there's a panopoly of investments in the fiber arena? You don't think other companies will stand by while LVLT makes jillions on teleconferencing, do you?