|
OT - Chips
OT - Holy crap! INFN down 30% on poor outlook and CFO resigning,
to about $3.60/sh. And I was bummed because INTC is down almost 5%
again today. That's the lowest INFN has ever
traded. I recall lt cap, a very long time ago, commenting that
capex spenders in the sector need to know that whoever they buy
from will be around for the next 10 years. I'd think that
this
blow-down might make that a self-fulfilling prophecy. At least
one analyst lowered PT to $4-$6 range, which at least is above
where it is now.
And except for the sector generally (Ericsson had a good
quarter) performing poorly, I cannot fathom why CIEN keeps getting
chipped away at steadily. One analyst lowered it from buy to hold a
couple of weeks ago or so, but that should not be significant. CIEN
has announced that their earnings call will be June 6th.
|
|
INFN is not only a boken stock, it is a broken company.
Management has been totally inept for the past year and a half,
probably longer.
|
|
Author:
|
LongTerm
CapGains
|
|
Subject:
|
Off Topic
|
|
Sentiment:
|
Neutral
|
|
Date:
|
05/19/19 at 7:15 AM CDT
|
|
One lone Analyst has upgraded INFN to buy with a $6 price target
ahead of its earnings. Maybe management has begun to figure
out how to keep the ship afloat. Still in a very precarious
place.
|
|
Author:
|
LongTerm
CapGains
|
|
Subject:
|
Off Topic
|
|
Sentiment:
|
Neutral
|
|
Date:
|
07/25/19 at 4:52 AM CDT
|
|
0
0
