The thing is, a company in a fledgling industry that has huge growth potential is a hugely speculative investment. When you are paying based on future potential, it is a high risk high reward gamble.
Why is it ridiculous for a stock that has shot up based on pure hype to give back that vaporous valuation when people realize that it is no more than hype?
They should build in Port Angeles Washington instead. Sunny climate, look out your south window there are snow-capped mountains and out the north window there is the sea. Not for young people since jobs are scarce but if you are retiring, it is paradise on a budget. Houses are so cheap there that nobody wants land. I own 3 beautiful city lots on a hill, and I would be lucky to sell them for $1 each. Nobody wants to build a house when existing homes are ridiculously good bargains.
I disagree that the person has severe mental problems. This kind of behavior could be expected from someone with mild mental problems, not necessarily severe ones.
That was a joke waiting to happen, so you don't get a high score for level of difficulty but you do get a "10" for execution.
Byron is clearly a cheerleader, whether paid or not. If he is paid, he earns it because he is a good advocate for his cause, he knows the technology and makes a good case as to why INFN holds the winning cards.
That being said, there are arguments on the other side and you won't get them from Byron. And nothing wrong with that. To get the other side you simply read what INFN skeptics have to say.
Can't believe this stock is so cheap. Back out cash and the PE is something like 5 or so.
Wirebonding is not going away. New interconnection technologies are only panning out for niche applications. And KLIC is involved in the new technologies along with the old cash cow of wirebonding.
Two has-beens merging into a has-been that's twice as big is growth, bigtime growth.
What hopefully most all of us can agree on, whoever turns out to be the long term winner in this biz, it is at least a real business unlike some vaporware company like Facebook that just bought #$%$ Corp for 19 billion.
But Facebook is absolutely ludicrous. A relatively worthless c ompany with a market cap of what, 160 billion or something like that. As if it were a real business.
1). CIEN has negative tangible book value, while INFN's balance sheet is strong.
2). Yahoo shows growth estimates for the two companies are 2-2.5 percentage points higher for INFN than CIEN for 2014 and 2015.
My bullishness on INFN stems primarily from my belief that they have key leading-edge technology to bring to the table. On the other hand, I am not an engineer in this particular field, and it seems clear that the other vendors, especially CIEN, do have some areas of technological expertise that do not render competition in this business an automatic slam dunk for INFN.
That projected revenue growth seems pretty disappointing for what is supposed to be a high-growth market.
Great, one person got a benefit out of Obamacare. Better make him a national celebrity because it is quite an amazing feat.