Larry, that rotten stench eminating from Denmark is fear. Fear, at least the irrational type, creates opportunity for those able to see through it. In my book, CIEN is a screaming, pound-the-table, shout-it-from-the-rooftops buy here. The odds are extremely good that the TLAB/CIEN deal will go through as planned - TLAB wouldn't have renegotiated the deal unless it had support from its major shareholders and the SEC review should be a no-brainer. If so, you pocket the current discount of about 20%, plus whatever amount TLAB stock appreciates, if any, between now and then.
In the unlikely event the TLAB deal craters, CIEN is still a solid buy at these levels and its price will undoubtedly be supported by the inevitable rumors that LU, CSCO, or any number of other possible buyers will be taking a shot at it in the near future.
Good luck
Dave |
