Cable Design Technologies (CDTC) Message Board

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Technology Stocks : Cable Design Technologies (CDTC)

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From: Mike Michaud	5/21/1996 2:52:00 AM
	of 36

CDTC is a beauty! They bought a networking componet hardware division from Nortel in February. Issued 2.7 million more shares in February. Fidelity bought 1.5 mil of that at 40 1/2, 9.2% of the company I found in their 13D filing, and put it in one of their retirement funds, and so did I at lower prices bouncing off lower thirties, but now it's moving again. Earnings at the end of the month. The june 40 calls are at 2 11/16. This companines earnings are kicking! PE is currently about 35, fair to discount value right now, but wait for next earnings. This one is a Titan Rocket I think. Cat 5 and Fiberoptic cable. This Company is the Supplier of the Info Highway Pipes, until wireless gets bigger, if it ever does. The volume on the last move is good, big blocks, institutional buying. I'm going for the long haul with Fidelity on this one. Aloha Mike Paradigm Corp

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