Cents and Sensibility - Kimberly and Friends' Consortium Message Board

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Strategies & Market Trends : Cents and Sensibility - Kimberly and Friends' Consortium

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To: Kimberly Lee who wrote (21904)	11/2/1999 10:08:00 AM
From: puborectalis	Read Replies (1) of 108040

RBAK...basing here..like analysis from RB thread...... By: claudio_c Reply To: None Friday, 29 Oct 1999 at 4:43 PM EDT Post # of 495 Redback in temporary hibernation Not much is happening with stock price because underwriters are currently in process of selling 12M insider shares. In addition, there are so many other great stocks out there, that people have been temporarily been lured to "bigger fish". But Redback is a bear waiting to come out of hibernation once: 1. Insider selling is finished. 2. Some PR or article indicating how undervalued RBAK has become while other internet core equipment makers have greatly risen. For Ex : JNPR is now at $275 with Mkt Cap of 14B while RBAK Mkt Cap is only 5B. Conclusion: If you are an investor that needs instant gratification (ie results within 1-2 weeks), then there are probably better stocks out there to be at this time. However, if you have patience of several weeks (say 4-8 weeks), I see RBAK moving up based upon its undervalue. This stock should be hitting the 10B mkt cap to be fairly valued ==> Stock Price ~$230 Good luck!

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