paul-It's good to remind ourselves, that for the 12 months ending 9/30/97 Tellabs is up +66% (9/30/96 $31 to 9/30/97 $51.50). This still beats a 7%CD. Another way of looking at Tellabs, in order to get some perspective, in regards to this current short time downfall in it's price, is to remember that we (the majority of us on this string) are into Tellabs for the long term, say 2-4 years. It's price as of Nov. 1994 was $12 (figuring in splits) and it's current value is $51.50, an increase of +329% in 34 months.
Once again, if we are long time investors, to more than triple your money or for that matter to double your money, in less than 3 years is not bad.
signed- a long term bull, with perspective, on Tellabs
DAVE DICKERSON |
