The Drop stinks but what can you do ? Numbers were on target and future looks very strong !
What we are seeing again is some stock price back filling, building support in the $7.00 range. We should hold here $7.00 range and build off of that. Barring any market melt downs. New customer wins will be our stock price rocket fuel. The ignition has been lit over in India !
I have to acknowledge NoBias's good call but too bad he only shorted a little. ;-)
Back fill and rise, back fill and rise, back fill and rise ! Makes for a very stable stock price. With respect to INFN Your gonna like the way you look in this stock !
Fair value is irrevalent when dealing with disruptive / game changing technology !
"Fair value is irrevalent when dealing with disruptive / game changing technology !"
True. This is my one and only growth stock. Enterprise value to gross margin is about 4, for me a deep value tech is EV/GM of 1-2 and for a blue chip tech like Cisco I consider 3 still a good value.
Techs with highly valuable intellectual property can sell a lot higher. I believe ASML is EV/GM of at least 5, maybe even 10, glanced at it the other day but all I remember is that the ratio was pretty high. But arguably it deserves that because they are the dominant force in photolithography which is the key to creating the next generations of semiconductor chips.
INFN is a bit more iffy because they are not the established dominant player in their business like ASML is in theirs. But they do appear to have the superior technology in their field.
I have yet to see a single person disagree that INFN has far and away the best technology for optical transport. The only dispute is whether technological superiority or business incumbency wind up prevailing in this market.