NXTR Investors: (continued)
With the earning report, (and the extra income from the deal with SKW) I expected that NXTR would be received very warmly today. However, this did not happen.
Now comes the troubling/confusing part, to me at least. I could not find what is the bears' case on NXTR. There are bears out there for NXTR, given the 2.6M short interest. As a matter fact, about 50K new short position was initiated last month even when NXTR was traded at $8 or less. What did the shorts see that I/we/the longs do not?
The only reason that I could think of was the speculations by the bears that NXTR will lose its sale in the face of competition. If that is the case, the 98Q3 earning report has settled the issue. NXTR's product sale has continued to grow, and the growth is expected to continue, albert at a slower pace.
What could be the other reasons? Any comments are appreciated.
Steven
ps: I have given NXTR a value of $18 based on its product sale, cash ($60M), PASS technology, and pipeline (mainly MK). |
