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Opnext, Inc. (OPXT) Message Board

  • wobatus wobatus Mar 12, 2011 9:46 AM Flag

    Close to book value

    Book is $226 m. Tangible book about $208. Working capital in the $140s. This is just the massive giveback of the optical rally which went parabolic with a Cramer pump of the sector, followed by Finisair screwing the pooch (and Cien) and blaming the whole sector. Really more fnsr specific.

    OPXT, being barely breakeven on ebitda adjusted, is extremely volatile turnaround play. But optical, whatever near term issues, has been very strong business wise, and opxt is a good buy here for reasoned speculation. I think they are takeover bait.

 

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