Harmonic Lightwaves (HLIT) Message Board

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Technology Stocks : Harmonic Lightwaves (HLIT)

HLIT 10.23

+1.4%

Nov 11 3:59 PM EST

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To: Daniel Levin who wrote (3103)	11/18/1999 8:56:00 PM
From: Moose	Read Replies (2) of 4134

Jeez... anyone notice that HLIT is coming back! Up to ~80:->, down to ~50:-(, and now back up to ~70:-). Anyone out there have the guts to buy at 50? Not me... I was a bit too early: when the price was between 52 and 56 I bought in the money calls. I FULLY expect this company to go right back to 80 and probably as high as 100 before year's end. With a growth rate like this: .03, .05, .13, .23, a backward looking P/E of 100 seems cheap... by traditional metrics, BTW. Looking forward, HLIT is expected to grow 52% (Yahoo) which I have to believe is hogwash - I suspect it will be much higher. If the 52% number is right, then the forward looking P/E is about 82. I suspect the growth rate will be in the range of 80-90%, making this stock look like a value play! How the market ever let it go as low as 48, I'll never know. Moose

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