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Author:

LongTerm CapGains

Subject:

Off Topic

Date:

11/16/16 at 8:57 AM CST

 

 

READ: 4

RPLY: 1

0

0

RECS:0

Sentiment:

Neutral

Reply to:

MSG`#4061,`11/15/16
By Jam ok

 

Re: OT - NOK CIEN

It is quite discouraging to hear the revenue projections in the wireless sector being so ugly and for ,uch longer than anyone expected.   Merrill Lynch threw the towel and cut rating to Neutral, so did BMO this morning. IMO, I would need to see more downgrades to call it a bottom.    Hopefully, more throw the towel, that would be the contrarian signal this equity needs to convince some folks looking for a value play with a hefty dividend to come in and set a solid floor underneath it.

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