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Technology Stocks : UAXS: Universal Access, Inc.

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To: TheStockFairy who wrote (2)10/30/2001 11:02:01 PM
From: couldawoulda   of 3
 
Hey stockfairy -

Decided to make UAXS a permanent long term hold today after the 3rd q. results. Toyed with the stock often over the last year and feel personally that 2002 will bring more recognition and contract wins for the company given the state of the telco market currently. What is even more of interest is management's '03 & '04 outlook. UAXS expects to earn net income of $100m in 2004 which is basically $1 a share. Forward p/e at its current price is 1.7. Amazing! Management has made mistakes in the past with respect to projections (see remarks made after the 2nd qtr. estimating flat revenues when before they were pounding the table over the fact they expect to have 25% plus increases in sequential revenue), however it's difficult to argue that today's price is a great entry area for the future provided the frat boys hit all the right buttons.

"Co-Opetition" will be the catch word for '02.

take care.
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