what the heck is going on with this stock, is it a buy IYO?
Tim,
Yep. Maybe by ALA, maybe by ASND (according to Volpe Brown: "We further note that Ascend, which has expressed interest in further accessing carrier technologies such as xDSL, SONET, and digital loop carriers, in addition to expanding its carrier customer presence, might well make hay while the sun shines").
You know me, I got in ASND too soon as well, rode it down, but it turned around and I made a nice profit. PAIR now a meager market cap which, at about $550MM, is 2 1/2 times cash on hand; a market cap less than 2 times sales; and it is pretty certain to hit the street numbers this quarter (.16/share, or is it .17/share).
I'm just trying to decide when/if I should add more shares. I think it might have reached a decent day trading range, a range at which I wouldn't mind holding more shares if the quick flip didn't work out.
Gary Korn |
