Anyone following this stock? Fundamentals are weak but recent 2/1 split announcement and CEO buying 29000 shares at $13+ has peaked my interest. Stock jumped today.
I have friend that worked there. People are advising him to hold onto his stock options - predicted to hit 20 by year end. Did not hear about stock split. Seems odd with stock price so low???They apparently have a patent on a fiber-optic device that they can't make fast enough. With Gerald's ties to telecom industry, it sounds promising.
Ghalpin, there is no Gerald. There is a Gerhard.. Andlinger, the Chairman and CEO. More exciting info to come.. Don't change that dial.
2/1 Split? I haven't heard anything about that. But, I have heard the Sturbridge Facility was just appraised at 3.9 million and could be sold shortly. I would'nt be surprised to see them sell the Medical division also and concentrate solely on DWDM. If any of you listened to the last conference call, you would have been impressed with Andlinger.
Not Likely that they will sell the Medical division. Leisegang is making up over 75% of the company revenues. This $5.5 Million order is just a drop in the bucket for what is expected in the next 12- 18 months. The company will be shedding some of it's excess weight however, like lazers and liposuction. I'm sure they will keep their cash cow of colposcopes and diagnostic ultrasound, both of which are of superior European manufacturing. JMHO
Can anything keep this down once the word gets out and the volume picks up???? This could be better than Qualcom was at this price last year...at least I hope so!!!
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