MRV Communications (MRVC) opinions? Message Board

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Technology Stocks : MRV Communications (MRVC) opinions?

MRVC 9.975

-0.1%

Aug 15 5:00 PM EST

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To: JZGalt who wrote (10882)	10/17/1998 6:11:00 PM
From: Sector Investor	Read Replies (2) of 42804

<<EPS estimates and actuals won't matter for quite some time.>> On the contrary, nothing is more important (except a good CC), since there is no earnings visibility out there now. Q4 is at $0.15 and 1999 estimates are about $0.90 or some such. If visibility into 1999 is restored, the stock will move more into line. I don't see a decent multiple anytime soon, without a major contract/alliance, but I do see the stock recovering to at least fill the gap within 6 months. Several traders told me ASND was dead too back last November and December, with the stock in the low twenties. One said it would never have a multiple point day again (after weeks of lethargic stock movement on very low volume). Another used the same roadkill term you did. It turns out they were wrong. Anyone that bought ASND under $23 (as I did) got a good deal don't you think? I rode several thousand shares up past the mid forties, and June '25 1998 options into the high $30s. It would be nice to do a nice ride again with MRVC in 1999. I have the same feeling now with MRVC that I did then. Fiber Driver could be BIG. My point is that the picture according to management's own words does not appear to be anywhere as bleak as current perceptions in the marketplace - just like for ASND in Q4 1997. If management can be trusted on anything (we know their street sense and marketing is for sh*t) it is on operations of the company. Make your own decisions, of course.

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