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

To: signist who wrote (6520)12/17/1997 5:28:00 PM
From: Dan Spillane  Read Replies (2) | Respond to of 42804
 
One would expect a standard "BUY" or "STRONG BUY" carried on the business wires which hasn't occurred. Mysterious recommendations elsewhere don't seem worth much since they would appear to be unprovable.

A number of small stocks are "taking pressure" (via short selling) courtesy well-capitalized hedge funds. Looks like MRVC has been one of them. One of the angles here is to capitalize on tax-loss selling.

You're left with a stock that is trading at 16x projections for next year, growing several times that. ___again___

You said:
Hi Andrew, BEST reiterated buy recommendations in Oct. and Nov. at the institutional/broker level and obviously it has not helped the price of the stock.



To: signist who wrote (6520)12/17/1997 10:52:00 PM
From: Andrew Furst  Respond to of 42804
 
John, thanks - glad to read Bear Stearns reiterated their buy recommendation (Oct., Nov.) and continue to support MRVC. Of course in a year or two, it won't matter what the analysts said or didn't say at this point in time. I continue to believe MRVC has top-notch management and engineering, and seems a good value now - despite the fierce competition in networking.


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