Stockchase Opinions

Malvin Spooner JDS Uniphase JDU-T DON'T BUY Jan 31, 2002

A leader in their sector. Wait for Nortel's recovery.
$14.050

Stock price when the opinion was issued

electrical electronic
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SELL
Doing a reverse split. A lot of people have high expectations longer term. There was a really decent bounce in their group and they did not participate well. Fundamental story is not that good.
COMMENT
Did a reverse stock split, but it has no effect on the individual stocks.
DON'T BUY
Business conditions are still pretty tough. Wouldn’t be his favourite sector.
DON'T BUY
More attractive since they turned profitable. Would like to see the growth rate really improve before buying.
SELL
This falls in with a group of stocks that she doesn't feel are investment grade anymore. She just doesn't trust them. They're not profitable.
DON'T BUY
Has now drop down to his model price and feels it will continue to $12.05 (US$). Earnings estimates are the key here. They had a big negative revision. There is a 2% negative differential.
HOLD
(Market Call Minute.) Although the optic business is coming back, the valuation is still too high.
SELL
The challenge is do they make enough money from the parts they sell into the fibre networks. History is not that good. Margins remain under pressure. Not cheap.
BUY
Has had a huge move. It pulled back quickly when the market rolled over. Great growth ahead of them. Don’t try to trade it too much. Just buy it and put it away.
DON'T BUY

This is getting up there in terms of valuation. It is heading towards 3.5X BV, which is everything that he could see for the company. FMV is about $12-$13. He would prefer buying on a setback.