MRV Communications (MRVC) opinions? Message Board

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Technology Stocks : MRV Communications (MRVC) opinions?

MRVC 9.975

-0.1%

Aug 15 5:00 PM EST

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To: joseph cheng who wrote (97)	8/10/1996 3:10:00 AM
From: Tae Spam Kim	of 42804

Currently with the stock around 22 1/2 the P/E is 66.2 for the past 4 quarters. It is expected that the next quarter (3Q) should be even better than before since it will be the first full quarter of volume OEM shipments in addition to the quarterly amazing growth. Low end projections put MRVC growing 50-60% annually for the next few years, some say it could grow 100-110% this year. I could see this as a 2-4 billion dollar company in a few years if gigabit ethernet does well and their fiber optics division keeps growing. Currently MRVC is valued at around 480 million dollars. So can this stock quadruple? We'll see. Taking only account the backward P/E of 66 or so, at current levels without looking at future growth MRVC is fairly valued. Depending on how much MRVC grows and investor sentiment on its growth prospects I could see this at 40-60 within a year. If you like the company and believe in it, buy now and hold for the long term. Tae Kim

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