Stockchase Opinions

Ian Ainsworth SR Telecom SRX-T DON'T BUY Jun 13, 2003

Good engineers. Not a business that has shown dramatic growth. Just made some good acquisitions. Big debt. Fully valued now.
$1.480

Stock price when the opinion was issued

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BUY ON WEAKNESS
Acquired Netro, which gave them $100 million in cash. The remote wireless telephone access space still has not recovered. Improved management. Treat as a trading stock.
DON'T BUY
Has been a boom/bust for quite some time. Their model price is $3.20. Only a few people follow the stock.
TOP PICK
A high risk/high reward name. They're almost finished renegotiating their debt. Feels they have $1 or more in earning power.
TOP PICK
Has been turning around. Starting to win several contracts of a potential size. Not to a large amount of outstanding shares.
SELL
Can't stand how they have executed. Rumors of a financial restructuring are hitting the stock. Just raised $40 million.
DON'T BUY
Liked several months ago but has now done 180° turn. Had a very poor quarter and management didn't have very good answers.
DON'T BUY
Doesn't want to own this one.
TOP PICK
Didn't have a great first quarter. Long-term, the fundamentals are good. They've been putting up new orders and the backlog is good. A year from now they should have a good amount of earnings. Have to refinance their debt which is due next April.
SELL
Horrible company. Month to month survival basis. Sell
HOLD
Have watched it crawl all the way down. If he owned it he would hold it.