To: ET who wrote (179 ) 11/5/1997 3:55:00 PM From: Sir Auric Goldfinger Read Replies (3) | Respond to of 342
Overvaluation alert: CIEN Price to Sales=22, APAT P/S=24, no earnings. One company, CIEN is the hottest IPO of the year and perhaps deserves to trade at 22 times trailing sales, but then again it has a gross margin of 60%, makes a pretax profit of 30% and is one of the fastest growing companies in America. On the other hand Applied Optics (APAT) trades at 24 times trailing sales, has no growth, has a gross margin of 30% and a pre-tax profit of -5% (negative five percent) and hasn't made money on an annual basis since 1991. While APAT may think it is in the WDM space, no one but the do-dos in this chat room put any credence on APAT making anything of itself.So why is the stock so overvalued-must be the Minneaplois rumor mill and small time market makers moving illiquid stock.Just a matter of time before this oen gets found out. By the way- just love the rank amateur posting implying that I'm trying to get you to sell the stock. Clearly I am out to crush it. To quote you last email w/ annotations: " auric...... i think {Do you} i know what your trying to do.....and it's not going to work.......you probably thinking about some big mfg.contract {nein-this is your bs to induce greater fools than yourself-there ain't no contract} is in the works[ that's probably why the stock's made such a nice move oh really-{well then sell on the news is the old adage)] ,maybe from one of the bigger boys [lucent,nortel,etc.] {Oh sure} and your trying to scare weak (well your correct in your description here) shareholders into selling so you can scoop them up on the cheap.........IT WON'T WORK !!!!!! your not going to get mine {No you'll just ride em to zero} ......... just to let you know ...AURIC if you are trading with any inside knowledge that is ILLEGAL !!!!!!!!!!!! {Danger Will Robinson, the connection to insider knowledge is clearly apparent from your emails & faxes to management and grimy market makers}be very careful -MR. GOLDFINGER !!!!!!!!!! What a crock of s.. you guys are such LWs. In no uncertain terms, I am short this stock and have a lot more to do.