Peter, I tried under many different headings to post the shorts of the day and always get "This topic is deleted" ?
Peter,SVC.TO is listed in Canadian money. Multiply by 0.75 to get the price in US money or go to SNVNF.
SVC hit an annual low of U.S. $1.71 today. Is this a reflection of the future of the DPI space in general or a periodic minor drop in their sales? Drop in value of the Canadian dollar didn't help.
Isn't it probable that we will see the positive effect of ALLT spending $15 mil buying back stock after the first quarter before they feel any negative effect in 2018 of AT&T going with SDN/NFV.
Also that $ 8 mil order in Sept may bring their sales above the 101 mil projected. I'm betting on an up move before late Oct.
Wedge, thanks,your reasoning is very logical. Since ALLT allotted 15mil for a buyback. something PKT didn't do, I'll stay in unless some more definitive news comes in. A loss of 1.37 mil is projected for the quarter.
Yesterday there were five sell trades totaling about 250,000 shares on no news. I'm inclined to think that was end of the quarter window dressing based on how ALLT stock acted today in this market.
Wedge, Getting close to your target price of 4.68 even with ALLT capable of buying back about 9% of the company with the 15 mil . Do you still believe 4.68 is coming? If so,why?