Hi all, I have bought some shares today after having received this newsflash from Todd Shaver:
The Bull Market Report - bull-market.com
News Flash - Fiber Optic Networking Business
Interest rates are higher than we would like to see them at 6.57% and
there is pressure for higher rates in the coming months as the economy
continues to roar, so we are still a bit cautious, but the stock markets
are acting well Friday morning as we write this, with the Dow up nicely
and the Nasdaq up as well, after a nasty three days. This is the year of
volatility so risks remain high but there are three companies we would
like to highlight in this News Flash
We would like to reiterate our strong feelings about the Fiber Optic
Networking business. There are three firms that are participating in this
success, two of which we already have in our portfolios and one that we
have wanted to add for months and months. With the latest sell-off in
hi-tech, we feel that the market has given us some buying opportunities
that we can't pass up.
We hereby add JDS Uniphase to our Broadband Portfolio. Here's what they
do: JDS Uniphase Corporation designs, develops, manufactures and markets
components and modules for fiber optic telecommunications and cable
television (CATV) systems, laser subsystems and laser-based semiconductor
wafer defect examination and analysis equipment. Their telecommunications
and CATV divisions design, develop, manufacture and market semiconductor
lasers, high-speed external modulators, transmitters and other components
for fiber optic networks.
The long and the short of it is that they are in the exploding fiber optic
networking business and their revenues grew from $230 million, up from $57
million in the last quarter. Losses continue but we look for
profitability this calendar year. The current price is $163, well under
its all time high of $189, set earlier this week.
We hereby reiterate our Strong Buy on Ciena (CIEN). The stock is up 7 to
$53 today and it is fast approaching the very aggressive 12-month price
target that we have had on Ciena for some time now, of $76. Ciena had a
tough year in 1999 but 2000 should be strong and 2001 should be a very
profitable year. When the Street learns this the stock should have a
great year.
We reiterate our Strong Buy on Nortel Networks (NT, $91), up 14 today.
Lucent disappointed Wall Street yesterday with a flat quarter ahead with
much lower earnings than expected. We feel that Lucent's loss is Nortel's
gain. Nortel has made some significant moves in the optical networking
and high speed access solutions marketplaces. We hereby raise our
12-month price target from its current $100 to $120, a 33% increase if met.
Please do your own research and due diligence before you invest.
Have a Profitable Day!
Todd Shaver
Editor in Chief
The Bull Market Report
Washington, DC |
