Finisar - FNSR Message Board

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Technology Stocks : Finisar - FNSR

FNSR 23.77

0.0%

Sep 24 5:00 PM EST

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To: dstange who wrote (235)	8/21/2002 12:15:17 PM
From: All Mtn Ski	Read Replies (2) of 509

I am getting close to getting in as well. $10 is an outrageous target, I think $3-$4 would be more like it. I checked out Soundview's site and read the research, it confirms that profits at FNSR are a ways off, they have a quarterly break even of $70 mil, and only did $42 mil this past quarter. So they have to almost double revenues to start making money, so it should be no surprise to see FNSR at $1.30's here. Having said that, the performance is priced in the stock and the float is heavily shorted at 23%. I have traded the stock in the past, but it seems one would have to be patient with FNSR here, as the story plays out and the momo is gone. A-M-S

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