About Cien
This is an interesting stock. Great potential. I don't think
we will ever have enough bandwidth, therefore I don't think the demand
for WDM will dry up any time soon. The company experience a push out
of order from worldcom. From what I heard, AT$T and baby bells should
be able to fill in the void. Company is on track to make $600M as
compared with 350M in 97. Plus, 263M cash on hand, You can see why
I have been drooling over this.
The problem is CIEN is richly valued, even at today's price. I could
never bring my self to pull the trigger on this one, thinking they
do have a 800lbs gorilla ( LU ) breathing down on their neck and
maybe LU is a better buy. But now, LU has reach PE of 140. It is
out of my radar screen for now.
Back to Cien, Yeah, I would nibble a bit at this price. Buy a
lot if it drops below 35, although I don't expect it to stay low
for long. |
