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Technology Stocks : MRV Communications (MRVC) opinions? -- Ignore unavailable to you. Want to Upgrade?

To: Dan Ross who wrote (5795)	11/6/1997 7:10:00 AM
From: Ron B	Read Replies (2) \| Respond to of 42804

Where's that Merrill Lynch reccommendation? Now would be a good time... MRVC is certainly undervalued right now and yes Dan, we've been there before. It's a crazy unfair market that allows Coca Cola to trade at 32X next years earnings when it's growing at about 8%; and our MRV struggles to trade at 20x 98 forecasts while growing at least 40%. I too am wondering if there is something we don't know... I do not believe it's the dilution simply because the worst case of sitting on the cash earns the company approx $4 mill additional interest in 1998 (Approx $95mm raised in secondary x4%) 4mm/28mm shares=$.14 per share gross or %.09-$.10 after taxes. Dilution is 9% (2.5mm/26mm) and 9% of projected earnings is about $.11. So we have a penny or two dilution as I see it. I may be wrong and if I am I'm SURE someone will speak up. Dana, you are right. If you're a long term investor--- nothing has changed fundamentally about the company. And all us long termers need to stop staring at the price. Ron B