Marcus, if we get a high tech massacre as we got last October, I am afraid that ADPT will not hold 20. My reasoning is also based on some minor fundamental observation. The next report is going to show a big write off associated with Symbios, and while I think they got Symbios for a pretty good price, the various screens are still going to show a loss. Absorbing Symbios and generating synergies between existing operation and the newly acquire division, will take a "shake out" period. Large acquisitions always do. This might therefore show some sub par operational growth in the next two three quarters. Finally, ADPT will have to adopt, like other high techs to a minor retrenchment in demand for high tech ware. Thus, unless the market merry ways continue (and ADPT is not participating in the current bull move of the DOW), the path of least resistance might be down. Big bargains might be for the patient on this one.
As for the poll, I think that over the next three months, the pollers will indeed be able to buy his $18.5 shares, but not at much less than 17 or so IMHO.
Zeev |
