Cascade Communications (CSCC) Message Board

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Technology Stocks : Cascade Communications (CSCC)

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To: Scott who wrote (2833)	3/13/1997 9:08:00 AM
From: Tom Smith	of 3743

Scott, Thank you. I was going to post the same thoughts myself, but you beat me to it. I'm long on CSCC not because I'm sure it's hit bottom but because I think it will be over $50 a year from now. The best comparison I can give for the situation is Compaq (CPQ) back in 1991. It lost 70 percent of its value and hit bottom at $7 (split adjusted) on 12/31/91 and has been on a steady rise ever since. About $79 currently -- an 11-bagger over 5 years. Even if you bought it at $25 just before it crashed you would have a 3+ bagger in less than 6 years. Speed of recovery is not the issue. Tom

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