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Technology Stocks : Covad Communications - COVD
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To: Captain James T. Kirk who wrote (3393)1/29/2001 8:02:33 PM
From: John McDonald  Read Replies (2) of 10485
 
Captain,

I think the big news is McMinn's comments on the state of the company. He has pretty much taken the risk out for us. Sure, I know there is always "some" risk. However product demand is absolutely there, so the question is can COVD make it to profit. Instead of "who knows", like McMinn, I think the company absolutely will make it. So now we are investing in a dynamic growth company, as we were before the big scare. As COVD grows towards profit, and the financial markets improve, everything will come together. The point is that the risk perception has shifted. If all the new investors were purely buying on the buyout rumer, well we'd see $2.50 again. IMHO, that ain't what's happnin now.
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