I have a question that hopefully won't sound too dumb for the board. In particuliar perhaps Mike Buckley or Bruce Brown may have an opinion. JDSU has become my largest holding. As discussed earlier it has King status(though I feel it would be hard to prove, with all the increased competition in the sector).
How the heck does one get a handle on the financials of a company growing so rapidly(Q to Q growth > 100%).Just ignore their negative net revenues,understanding that they are expanding through new factories and acquisitions and look at the projected growth of their market,
"JDS Uniphase and its rivals, meanwhile, are jousting for leadership of a second tier of the market. They make components that go into optical networking equipment such as mirrors, filters, and lasers. Nortel and Lucent also make this gear, as does Alcatel, NEC, Fujitsu, Pirelli, and a host of smaller companies in niche markets. Optical giant Corning has also stepped up its presence in this sector, which RHK believes will have sales of $23 billion by 2003."
I suspect that their is no easy answer to this question and one's own tolerance to risk may be the deciding factor in how tightly one holds a company such as JDSU. I have taken some profit and distributed them in true gorillas, but as a rookie investor compared to the elders would welcome any feedback. Chaz and I have discussed this by PM and he shared some of the same concerns I have voiced. Thanks again for the best board on the net!
Trip |
