ZO,
LOL !! It's not good enough for you that I'm long NN, you want to know why, as well ? OK, here's why..
1- Takeover speculation is still a huge factor. I doubt that LU will buy ASND and in NN, they'd get Cambrian as well, which would be a great fit with LU's long-haul DWDM products. Throw in LU's deal with WINSTAR ($ 2 billion LMDS deal with no mature RF product in-house) and NN is on top of the LU shopping list, IMO.
2- Lots of huge deals that will be decided soon. Law of averages says NN will win at least one, maybe two.
3- Everything else is getting very pricey. NN is still a very good value play, combining a relative low PE, take-over potential and huge deals that are to be announced.
I just couldn't resist.
My target: $ 30 US by year end. (assuming market doesn't crash and burn again).
Cheers,
Peppe |
