To all-What are others saying about Tellabs?
We know what ML and soundview said recently about Tellabs,how about the others?
Zacks survey of analysis brokers on 1/28/98; 16=strong buy,6=moderate buy,1=hold 0=moderate sell,0=stong sell. The average is 1.3 on scale of 1=stong buy,5=sell, and a rank of 36th out of 148 cos. in telecom egt.
Bloombergs,1/7/98 list of top stocks, TLAB was #2.
Forbes on 1/12/98, Tellabs was #2 ranking, with a 5 year price change +2426%.
Solomon, 1/15/98 Steve Levy =Tellabs has "the no. 1 position in the sweet spot of the transmission market. It has new products that are generating real sales in the wireless local loop business".
Sound view 1/22/98, Mr. Sardar, says Tellabs is soundview's favorite stock in tele. egt. sector.
Smart money, 1/22/98 "Tellabs is growing at 2x rate of Lucent,Nortel, and Ericsson with it's shares at only 33% premium to group's PE. Some analysts made statements about egt. cos. spending slowing because 1-2 cos. came up short on earnings, and extrapolating it irresponsibly to include all cos. in sector. Tellabs is expected to increase earnings by 30% in '98 and '99, with a target price in 1998 of $80".
Tellabs share prices grew +200% in '93,116% in '94,+46% in '95,+126% in '97,and +30 % in '97. Actual growth rate in 1997, of net earnings was 51% per year.
I expect net income to go up 40-50% in 1998 and share price to go up 30-50% in 1998,with a 2 for 1 split sometime during the year.
Thanks Chip for selling,those shares could well be the shares I bought at this recent dip.
DAVE DICKERSON |
