go to yahoo, enter covd, read news. forbes.com>> futile, thin margins, commodity prices, etc...
A cryptic message appeared before our eyes:go to yahoo, enter covd, read news. forbes.com>> futile, thin margins, commodity prices, etc... That's interesting. Here's what Bear Stearns is saying today about Covad being one of their 14 "Best Internet Infrastructure Stocks":http://biz.yahoo.com/ii/000621/industry_000621.htmlAccording to analyst James Henry, the broadband buildout is developing very rapidly, noting that ``the promised land of broadband will be reached inrelatively short order -- perhaps over the next two or three years.' Henry's top pick is Covad Communications (NASDAQ: COVD - news), which he rates a 'Buy,' and has set a target price of $100 per share. Though Henry concedes that target ``may seem like a stretch from here, Covad is the 'premiere play among broadband local players leveraging DSL technology, and its prospects are stronger than ever.`` Covad is currently trading around $17.75, well off its 52-week high of $66.67. By year-end, the company should have a network presence that allows it to reach 45% of all homes and 50% of all U.S. businesses, Henry predicts. Read the entire article as a few other good picks which we've discussed on this board appear on their list - Brocade, Redback and EMC to name three of my favorites.Ah, what does Forbes know anyway? <ggg>BB
Best Of |
Favorites & Replies |
Start a New Board |
My Fool |