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?
Peter, if ALLT doesn't use the 15 mil allotted to buyback stock after Sept 30 you may be right. Francisco put up [235-100] mil to buy less than 100 mil in unprofitable sales from PKT for some reason.
At the present price ALLT is selling at [168-123] mil with a projected 102 mil in sales. I also can find no news.
Wedge, I agree that last sentence is not good news to longs but there must be something positive going on at ALLT to move the way it has in the last two weeks in this market. Possibly ALLT started buying back stock but I don't know for sure.
SVC's closing price of 2.60 converted to American dollars is 1.95, the year's low. If Caputo thinks there will be a pickup in business soon this would be a good time to use some of that 162 mil in cash to buy back stock.
If he doesn't, I believe, it will be a long dry period before business picks up, if ever.
With the reduced value of the Canadian dollar they should be more competitive. Less
Reply to Sandvine by peAmericantercohen33 •10 hours ago
From 8/3 to 9/1 the Dow fell 8.75% and ALLT is up 1.38%. ALLT said it would take 3 months ,to Sept 30 before they get the ok, from the courts, to buy. If it's not ALLT who is providing the support?
If ALLT is the buyer they can pickup over 2.8 mil shares in this area with the 15 mil allotted for stock purchase. If they are not the buyer this stock should head up when they start buying.
I caught the falling knife from 5.7 to 5.2. Slightly ahead now. Hope this move is based on some good news coming. I have no news. Now 5.46.