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looking at analogies, consider what the market did to RSYS (Radisys) this year based on nothing more than conjecture. Business, according to the CEO, was coming into fruition, they were in a super growth area relative to their design wins, the stock shot up to $70, and then on a couple of larks, a VP sued, the stock dropped, analysts began looking for reasons for downgrades, Jensen securities took it from a "strong buy" to a neutral based on "price" and the lawsuit outcome. All the while the company stated the lawsuit had no merit and that it was business as usual. The stock dropped from $70 to a low of around $22. Now, the market (after settling the lawsuit) is realizing the CEO was correct and the stock has moved back up to the $50s. One firm, Cowen, maintained a "strong buy" while all the others downgraded. It was quite senseless really. But, of course, the bears stated not to trust Cowen, because, whatever. We stuck with RSYS and now feel somewhat vindicated through this whole ordeal. And it is quite probable that RSYS would become an indirect customer of CYMI's |
