Jon Markman is calling for Bookham "..to double and more.." in 2005 as a result of the FTTP buildout. Give me a break. If BKHM, who is only indirectly leveraged to the FTTP buildout, more than doubles what will MRVC do? Cmon Jon, do your homework!
... I don't like BKHM, and am not invested in it, but BKHM has a good shot at doubling, just because hell, its down like 75% on the year. If in 2005 BKHM doubles from here, it will still be 50% down from the start of 2004.
... I think MRVC however has a good shot of tripling or better from here, by the end of 2005. But jmho.
Sally, I think if he actually did his homework, he might be out of real work. Can't tell me these guys aren't paid to pump. Did he point out that BKHM right now has NEGATIVE gross margin. Heavily leveraged and frothy book value too . Not sayin' the stock won't go up because in the market anything is possible - but if you want real value , look elsewhere.
Fiber to the premises finally takes off as an investment theme, as Baby Bells like Verizon Communications (VZ, news, msgs) and SBC Communications (SBC, news, msgs) spend like drunken sailors in an effort to bring fiber-optic broadband speed to their residential customers. Street-diggers like MasTec (MTZ, news, msgs) and Dycom Industries (DY, news, msgs) led the way in 2004, and they are followed in 2005 by fiber-optic component makers JDS Uniphase (JDSU, news, msgs), Avanex (AVNX, news, msgs) and Bookham (BKHM, news, msgs), all of which double and more amid rising sales, earnings and stock-momentum buzz.