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DragonWave Inc. Message Board

  • jfrancisofsi jfrancisofsi Mar 27, 2013 10:40 PM Flag

    PM where are you??

    Jopo, Byronangel, gd4 and other longs... I sure wish PM would give us an update on DRWI. The last one was March 5, and the reason I subscribed to his newsletter was to get the opinion of someone who has his finger on the pulse of DRWI. I am glad I subscribed, I just wish he would give us all an update on how he is feeling these days or if he has had anymore conversations with the CEO because I am thinking hard about cost averaging down here. PM was nice enough to respond to an e-mail I sent him but I don't want to bug him anymore, but Jopo, you said he reads these boards so I thought it would be an indirect way to see if he can give us any more insight or if he is just waiting too. I am so tempted to buy more at these levels because as you guys all pointed out, DRWI has seemed to bottom and the slightest good news may send this back up above two bucks. How about it. Are any of you adding at these levels? jf

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    • I'm not adding because I've lost confidence in the management of this company. I'm hoping for a buyout that would put the business in the hands of competent management. A few months ago Nokia Siemens sold its optical network business to Marlin Equity Partners, a private equity firm with over $1 billion of capital under management. Marlin has rebranded the business as "Coriant". Somebody like Marlin might be interested in buying DRWI to add wireless backhaul to their product offerings.

      Sentiment: Hold

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