Ian,Ian,Ian,
In defense of my buddy Dougie, and everyone else who dares to post bearish thoughts about NN on this thread ...
Or are CSCO, DELL, IBM, MSFT, ... and many other large cap, high tech stocks all committing a felony?
You're kidding, right ? CSCO,DELL,IBM,MSFT and ....NN ? Well, maybe if they hadn't blown 5 of the last 8 quarters, they'd be on the right track to be mentioned on the same line as these companies. That's the biggest difference between NN and these gorillas. They don't disappoint wall street !!
We would actually need a 26% CAGR to double in precisely 3 years which happens to be somewhat less than the 30-50%CAGR achieved and forecasted for leaders in this sector.
With declining TDM revenue, ATM revenues would have to grow at a much faster rate. NN has yet to prove to anyone of us that they are capable of such sustainable growth.
Now if you want to make an argument that NN is not and will not be a leader, that's completely different.
I think that's the point DOug was trying to make. They're not a leader, not even close. Their ability to achieve their growth objectives is questionable, at best.
Cheers, Ian,Ian,Ian.,
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