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Rap Sheet

Author:

Jam ok

Subject:

Off Topic

Date:

09/07/18 at 2:22 PM CDT

 

 

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Sentiment:

Neutral

OT - INFN

<p>OT - INFN - Ah, if only INFN could catch a sliver of the optimism of Jon's article on NOK. In my last missive, I said the plummeting price of INFN must mean something is up. Indeed it</p> <p>is, and now we know: They acquired another company (can't recall the name), and issues a half ton of debt, my guess would be to finance the purchase. Analysts are skeptical that it's</p> <p>a productive fit, and increasing debt substantially is obviously never seen as a positive move. And indeed, the plummeting continues, starting to get close to the PT's of the most </p> <p>skeptical of analysts, around $7. It seems like it's no longer a 'show me' stock (sigh.)  It's now a 'show me, and give me your Rolex wrist watch as security' stock. I do wonder what are the</p> <p>prospects and chances that they will, indeed, 'show' that they've got the goods to be competitive. Or whether that acquisition will be like the last one, which didn't live up to the accretive promises</p> <p>from management, IIRC.</p>

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