Jeffrey,
I pick stocks in order to make money, that is why I compare two stocks in different sectors. I see much less risk in WDC than in CSCO, and much more upside potential in APM than in ASND. I see more risk in ASND at 35 than at 80. At 80, Ejabat had RAS to himself, at 35 he has to share it with House, Chambers, and Benhamou, and these guys are hungry. You can't compare ASND's CSCC business with NN...aside from NN being a Canadian national treasure, NN has an important alliances with Siemens and 3Com....NN has the alliances necessary to survive and prosper, ASND/CSCC is caught between a rock and two hard places, between CSCO on the one hand and BAY and COMS\NN on the other. ASND/CSCC does not have the critical mass, at $1.2 billion revenues, to compete with the big boys. Look Jeff, I don't know if ASND will make the quarter or not, but looking at ASND's fundamentals, I feel I have less risk taking my money and going down to Colonial Downs in Richmond next Wednesday night and blindly putting it on whichever horse running in the first race at 2-1 odds. As for the chart, candlestick or equivolume, it tells me to stay away and the PE is twice WDC...my style is to put all my money on the winning play - I won't buy a few shares of ASND hoping for a turnaround because I hate to get nickel and dimed to death by the losers. I really hope you are correct in your opinion on ASND.
Christopher |
