Also from Yahoo board: Briefing.com mentions Lightpath. With the IBD and the Money mag nods that made for the gap up open...nice.
Briefing.com mentions LPTHA
by: jomibar (39/M/San Francisco, CA) 7/10/00 12:09 pm
Msg: 28404 of 28408
The following is from briefing.com. It suggests that LPTHA will trade up strong as a fiber-optics play. Go, LPTHA!
09:57 ET Fiber Movers : SDLI +22... NUFO +19 1/4... AVNX +10 1/4... EXFO +6 1/2... SCMR +6... MRVC +5 1/2... BKHM +4 3/4... LPTHA +3 1/2.
09:32 ET ******
Fiber-Optic Plays: : With JDS Uniphase paying such a premium to acquire SDLI, a number of similar plays are trading up in pre-market activity. The three most likely to benefit are New Focus (NUFO 81 1/2), Avanex (AVNX 106 3/4) and Bookham Technology (BKHM 64 5/16). While all three are trading above the 153x price-to-sales premium SDLI received, they will trade strongly out of the gate. These companies currently trade at p/s ratios of 170.3x, 312.5x and 800+x, respectively. Corning (GLW 256 11/16) would be the most likely suitor as they have previously expressed interest in making an acquisition in the component space. Other possibilities include Alcatel (ALA 70 1/2), Nortel Networks (NT 71 1/8) and Lucent (LU 55 33/256). There are a number of secondary plays that are not really in the same space or are the quality of a company like SDLI and would never demand such a premium, but they will likely trade up on the news. Some of these names are Lumenon Technology (LUMM 22 5/8), LightPath Technologies (LPTHA 36 7/8), MRV Communications (MRVC 61 15/16), and Precision Optics Corp. (POCI 17 3/4). Interestingly, the last couple of times there has been a major catalyst in this space (one time it was a deal announced, another time it was a positive pre-announcement), the stocks gapped up out the box, but traded lower during the day. Then, the following day the stocks recovered and traded very strongly. -- Robert J. Reid, Briefing.com |
