Had this stock on a "real estate" watch list from some time back and took a look just now and it looks like a good buy to me. I wish I had been looking back when it was in the 4s.
Drillers seem fairly cheap with good business prospects going forward. Many of them have numbers that look about equally attractive, so I just bought a little of four of them- RIG, ESV, NE, an ATW.
The only sad thing about all this proliferation of information technology is that it does not address the most pressing needs of mankind. I think God sort of played a trick on us by making the laws of physics incredibly accomodating when it came to dealing with information, but very ornery when it comes to the physical needs of human beings.
The end result is a world where the proliferation of information will make us incredibly aware of how screwed we are in terms of our ability to feed, clothe, house, and transport ourselves.
However, for what it's worth, when it comes to information we are far from reaching the limits of those incredibly accomodating laws of physics, so it's the one place where we can still see astounding advances in technology at a breakneck pace. And INFN is immersed in that reality about as much as any company on the planet. That's why I own some INFN shares.
Love the internet of things. One of my favorite pastimes is watching grass grow and now that I can hook up a blade of grass on my lawn to the internet I can engage in that hobby in a lot more enriching way.
"Cisco is also getting more interested in the optical space"
Well, how about it Cisco. Cough up a few billion of that big pile of cash you have and you get yourself to the leading edge in optical transport.
INFN is certainly more in the growth stock category than value. Enterprise value to gross margin ratio is over 6. Meanwhile, that ratio for CIEN is about 3.7. If you look at the Yahoo numbers for projected revenue growth, INFN is definitely expected to grow faster than Ciena.
I am usually a value investor. Owning some INFN I am clearly betting on growth on this one. However, one other aspect is that INFN has net cash while CIEN has net debt. I always prefer the latter situation. Provides more insurance against ups and downs in business, which is especially a consideration in cyclical businesses like technology.
Still, all this does make me wonder whether I ought to own a little Ciena stock also. They may not have the pics, but they clearly still are one of the companies in the forefront in this business.
I wonder whether the company would provide a potential acquirer some access to take a look at what's in the works as far as the metro product. It might give some extra clout to INFN even before it actually hits the market.
Yeah, I can't see takeout at $30 with INFN sitting around the upper single digits lower double digits level. $20 seems about right to me. If INFN's internal success drives it to $15-20, then an acquiring company might have to cough up more like $30 per share.
Buying INFN would be a good strategic move for CSCO. Besides adding some leading-edge technology to their porfolio, it would help dispel the image it has been developing of being a "has been". (I own both INFN and CSCO stock and I believe it would be a win-win.)
Makes sense, although it seems like FBR might take this proactive action if the deals are close to final rather than being completely finalized. Still, it's a good sign.
The one thing no one disputes is the superiority of INFN's technology. That is obviously not the only factor that will determine business success, but it has got to be pretty high up the list.