Hate to belabor the point, but WSTL has shown a track record of poorly calculating future sales/earnings etc... AG has pointed out on numerous occasions, that the low margins kill this company and it is so. Everyone will have to downgrade this stock, trading range at this point, hmmm 3.5 to 6.5??? My 24 month price target if we are lucky would be $17-30 (assuming they fire on all cylinders). Their is no doubt that management has misled everybody, at the very least a warning of earnings shortfall, acquisition penalty which will adversely affect the quarter etc. were well known/should have been announced in stark contrast to guidance which they must legally be accountable to. At least they consistantly misinformed everybody except the contrarians who know that based on previous behaviors of WSTL 'misinformation' - this kid won't change - keep crying wolf. I would punish this bad boy and ground them for several months, which I think the Mom's and Dad's are going to do. Too bad for a kid which seemed to have so much potential. I don't think I can fully articulate how much I want to take this kid out back for a well deserved shellacking. When you read these reports and see price targets of $50-80, who wouldn't buy, the picture portrayed by mgmt was so rosy, they must be held accountable and I'm sure someone will do so. Too bad, eh...
Broker Reports about WSTL
Date Broker Report Source
9/13/00 Kaufman Bros. Westell Technologies Reiterated 'Strong Buy' at Kaufman Bros. Bloomberg
9/13/00 PMG Westell Tech initiated at PMG with a Buy Briefing.com
9/13/00 Penn Merchant Westell Technologies Rated New 'Buy' at Penn Merchant Bloomberg
8/21/00 Frost Securities Westell Tech Reiterated 'Strong Buy' at Frost Securities Bloomberg
8/9/00 Frost Westell Technologies Reiterated 'Strong Buy' at Frost Bloomberg
8/7/00 Stephens Inc. Westell Technologies Reiterated 'Buy' at Stephens Inc. Bloomberg
8/7/00 Kaufman Bros. Westell Technologies Reiterated 'Strong Buy' at Kaufman Bros. Bloomberg
8/4/00 Frost Westell Technologies Reiterated 'Strong Buy' at Frost Bloomberg
8/3/00 Jefferies & Co Westell Tech downgraded from Buy to Hold at Jefferies & Co Briefing.com
8/3/00 Jefferies & Co. Westell Technologies Cut to 'Hold' at Jefferies & Co. Bloomberg
7/21/00 UBS Warburg Westell Tech upgraded from Buy to Strong Buy at UBS Warburg Briefing.com
7/21/00 UBS Warburg Westell Technologies Raised to 'Strong Buy' at UBS Warburg Bloomberg
7/20/00 Frost Securities Westell Technologies Price Target Raised at Frost Securities Bloomberg
7/20/00 Stephens Inc. Westell Technologies Reiterated 'Buy' at Stephens Inc. Bloomberg
7/20/00 Kaufman Bros. Westell Technologies Reiterated 'Strong Buy' at Kaufman Bros. Bloomberg
7/20/00 UBS Warburg Westell Technologies Reiterated 'Buy' at UBS Warburg Bloomberg |
