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Gold/Mining/Energy : JDS Fitel

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To: Stang who wrote (572)	1/15/1999 12:03:00 AM
From: mariner	Read Replies (2) of 815

To all: Found this hidden in a list of up/downgrades from another thread. This analyst made the downgrade on Wed Jan 13th before the earnings were released. Not one to gloat, but how do the professionals get it so wrong? "JDS Fitel Inc. (JDS CT) fell C$1.85 to C$42 on inflow of C$3.66 million. The maker of fiber optic components was cut to ''hold'' from ''buy'' by analyst Cheryl Nesbitt at Scotia Capital Markets." (Note:this is from Wed the 14th before the release of earnings). By the way, I noted from Pat's review of the CC that the company is "comfortable" with FY earnings of $1.00/share. That seems low to me, given we made $.49 in the first 2 Qs. Doesn't seem to allow for the 75% growth rate. I'll standby my prediction of $1.18 for the year and a 3 month price target of $60 as previously posted (assuming the market doesn't jump off a cliff).

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