On INFN, here are a couple of thoughts after the shock:

1.- While the stock was not deserving of a low to mid twenties price, when it dropped to $15, I thought the drop was too much, I was wrong obiously.  However,  I do tend to think the drop to $8 was way overdone.  I am one who thinks that the issues being confronted by INFN are indeed temporary, i.e. 12 to 15 months max.  I see the stock going back to the $13 to $15 level over that time frame.

That said, I do agree that the fact that management did not see the freight train coming right at them is troubling.  However, I too think the stock has priced in that big mistake.  I keep thinking that MKM must have talked to more of their customers and was able to get more direct answers than they were giving the Infinera sales personnel. MKM knew was was coming, management did not.