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Why I'm Buying Aviat Networks Hand Over Fist

Some readers may remember the last time I was buying something hand over fist, I was buying Multiband. Within 24 hours, the company was acquired for a 40% premium. Shameless self promotion aside, my conviction level was high then, and it's high again now in regards to Aviat Networks (AVNW). With a strong cash position, large discount to tangible book, and projections for future profitability, I think this company presents a compelling asymmetric opportunity at current prices.

Headquartered in Santa Clara, California, Aviat Networks is a leading provider of microwave networking solutions allowing communications networks to handle the exploding growth of IP-centric, multi-Gigabit data services. With more than 750,000 systems installed around the world, Aviat...

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