I just checked my email and found the following from a guy who says he just joined SI and can't post yet:
>>I'm trying out this system to see what it is all about. I have been
playing Newbridge for the last couple of months with reasonable
success. I am a physician in Toronto and I have an uncanny ability to
get info out of companies who are purposesly tight lipped, such as
Newbridge. I was concerned about numerous posts on SI in regards to a
possible pre-warning, which I can see as being the sole reason for the
stock not moving beyond its present trading range.
So, I decided to call a Mr. Stevens in investor relations in Ottawa
around noon today. He told me that they have a pretty good idea of
earnings within 2-3 days of the end of the quarter, in this case April
30 (they prewarned Q3 shortly after the end of the quarter). He also
made it clear that it was their responsibility to release such
information to the public as it becomes known. Therefore, based on
these two facts, we can conclude that earnings will AT LEAST meet
analysts' expectations. Now, he also informed me that Newbridge is
using 13 cents per share as concenses, implying that earnings will at
least be 13 cents, maybe a bit better. This would be a doubling quarter
over consecutive quarter. He also informed me that Newbridge's earnings
tend not to be cyclical, and that Q4 earnings this year compared to Q4
earnings last year are not as important as the chronological trend,
which would suggest a rough doubling of earnings from Q3 to Q4.
In my opinion the stock will bolt upwards some time between now and the
upcoming earnings announcements. Furthermore, Nortel's attempts to eat
Bay in light of AT&T's tightening relationship with Newbridge make a
merger between AT&T and Newbridge a distinct possibility. I would of
course require some technical feedback from one of you geeks in regards
to how good this fit would be.
So, I hope that my call to Newbridge has alleviated some of yours
concerns.
Jimmy the Greek Stud << |
