That article states FFIV is a cash cow!
Thanks Rarebird for the link - it helps us to focus on our "rosy" future during these damn down-turns.
I thought this quote was particularly provoking:
"For F5, the picture is similarly rosy. In a recent note, McDonald Investments analyst Peter Rubicam wrote that, "Our checks indicate that business in the current quarter, after seeing the normal seasonal slowness in early January, has picked up nicely," and that the company is, "on track to deliver another strong quarterly performance."
According to Rubicam, the stock, which trades at about 20 times his calendar-2000 revenue estimate of $100 million, is at a "significant
discount" to its peers, which trade at about 40 times 2000 revenues. Partly for this reason, he has a $150 price target on F5, which currently
trades at around $110. As of the end of 1999, F5 held about $60 million in cash and marketable securities on hand, not to mention actual profits
of $4.2 million last quarter.
Good luck all,
Eric |
