LPTHA&Z investors are silently thanking the shorts, lately. I know that I tried my best to post the real facts against the fabrications here, but I still appreciated picking up my extra shares, relatively dirt cheap. Unfortunately, some margin players were hurt badly, all across the NASDAQ.
As for the past revenues for Lightpath, that strikes me like going back to look for revenues of companies like Qualcom or Cisco, before they were profitable. Oh, wait! CSCO still isn't profitable - it trades at something like 150 times earnings per share, currently. Using pretzel logic, I guess that makes CSCO junk - NOT!
Lightpath is positioned for growth and success, right now. Going back to the end of Dec, 99, and using those figures to state current revenues is about as dangerous for serious investors as predicting that those revenues will not grow exponentially, for this company.
By the way, here's a recent news story, on the Lightpath acquisition of Horizon Photonics -
thedailydeal.com
Enjoy & invest wisely.
rZ |
