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Westell Technologies, Inc. Message Board

  • waytoogoodforwords waytoogoodforwords May 17, 2013 4:06 PM Flag

    WSTL down one penny over last month's powerful rally

    $2.04 today, $2.05 one month ago. This is the second most powerful rally in history of Nasdaq and WSTL is down one penny. Absolutely ridiculous. When the Nasdaq last passed 3500 (Nov. 1999) micro caps like WSTL were already past $10 on momentum alone. There's no reason whatsoever for WSTL to be trading at a measly $2. Stocks with horrible financials are being swept up 50% or more on momentum alone. WSTL should be north of $5. Anyone who was trading micro caps in the late 1990's remembers this well.

    Sentiment: Strong Buy

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    • Yes I agree....By default the stock should have been taken up a bit just on market momentum alone...but like I said I think the stock is being "managed."...It is almost like as soon as they announced the Kentrox deal the stock got locked into a trading range around $2.03 to $2.05.....Maybe a deal coming????

      Also like I have said before other stocks I own like Micron, Sirius and even Sprint have been like money printing machines...Even Lucent is making money for me right now!!!!

      • 1 Reply to phennes591
      • I don't think that this is being managed. Quite the contrary. There is just a lack of Street awareness/commitment. If they were looking for an acquisition, it is a far better that the stock was trading higher in the event the company wanted to use some stock as currency. I just think that the Street wants to see evidence of growth and I think we are going to see that this year. If they can execute and get to a $200MM run rate in 24 months, then everything will take care of itself. I think fiscal '14 should achieve half of that. What would the stock price be if it hit $200MM in sales? Well just look at the IPO Ruckus today. It now has $125MM in net cash with a $200 MM Rev create. And guess what? It has a MKT cap of over $1 Bil. A similar Westell MKT cap gets us past $16/share.

    • Anybody wonders why this garbage of a company had been sued by investors, and why it was investigated by the SEC?

3.280.00(0.00%)Apr 17 4:00 PMEDT

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