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Technology Stocks : Aviat Networks
AVNW 24.53-1.7%Nov 3 3:59 PM EST
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To: The Ox who wrote (273)8/22/2009 10:09:08 AM
From: Rob Preuss   of 312
 
The sell off yesterday seemed way overdone. (Share price down 7.5% on fairly big volume in excess of 2.7 million. Price dropped first thing in the morning, and stayed low, while trading remained quite steady throughout the day.)

Although we had far from a stellar quarter, it wasn't as if we'd been hit by a plague of locusts either. Importantly, the future looks quite bright to me... both in terms of the company-specific prospects and in terms of the global economic outlook.

I like the writing off of the goodwill, as that cleans up the balance sheet a bit.

I could not agree more! Also need to change the company name soon.
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