Thread: Just now found this thread has been re-activated. It was dormant for a long time(was not even listed). I am glad to see some
activity. I am a long-time holder of VYTL(since last may, I have
accumulated 8000 shares at an average price of 14.00. Its been a
scary ride----especially since last September----when we saw 7.00, but
well worth the wait.
My reasons for buying the stock have not wavered; in fact, I feel more confident today than ever before. VYTL is in the right sector
(telecom), with the right product(state-of-the-art fiber optics
laid underground), in the right part of the world(primarily Europe),
at the right time(when a newly deregulating Europe is about to become
a monster global economic powerhouse). Their management is looking
better all the time; they are aggressive, but have a tight rein on
expenses, and are constantly searching for new ways to expand and
improve. The most recent example is the Circe expansion (rings 4 and 5)financed by a 365,00 million dollar bond sale. Apparently Wall
Street liked this a lot; a near 30% rise in stock price since the
expansion was announced. Things look better now than ever.
For many months I have been wishing for a buyer. Now, I would just
as soon see this thing through ........at least until the second
quarter of next year when Circe will be complete and on line. By that
time, VYTL will be operating solely on its own lines, not leased ones
which are very expensive. The EBITDA statement will very good indeed.
We might see a $60.00 stock by then. Maybe I'm naively optomistic,but
I think we have at least a good shot at it.
I'm no pro, so I would be grateful for all comments and observations.
Luck to all,
Jack Gibson
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