Wisdom vs. Info...'s  Instablog

Finisar got crushed after hours after excellent, no, great earnings and disappointing guidance. Too many ROADMs in inventory in China, and some surprising order weakness from China in general. Maybe there was a little weakness otherwise, but still guiding ~29% year over year next quarter. Figure they sell over a billion next year while maintaining 17% net margins at 20 PEx and I see 45 to 50 per share. And that is conservative. So, I will be buying FNSR on weakness. Might bounce tomorrow, might grind down all quarter, either way, once I see a little life in the hourly chart I will be a buyer.

Disclosure: I am long FNSR.

Additional disclosure: Long for over a year, will be long photonics for at least another year

The Obama plan will add thoudands of dollars of expenses to even the smallest businesses while decreasing the annual expenses of corporations. Thus, it will increase the advantage corporations have over small business already.

Obama says small business has some kind of moral obligation to provide health care to employees; where did he come up with that?! My obligation is to pay my employees what I agreed to pay them for certain labor. What they do with that money, and how much they need, are not my concern nor Mr Obamas. If federally mandated health care is so vital for the economy, then why have Japan and Europe LOST relative standard of living to the US over the last 19 years? Europe is now 30% behind! Do you want to trade 30% of your wealth for guaranteed life long health care? Really?

I defy anyone to recall a more anti-small business proposal in the history of US politics. This is, as far as I can remember, the most anti-small business proposal in the history of this country; this proposal extends a constant stream of anti-small business proposals and administrative actions from the most anti-small business administration that this country has ever seen.

someone smarter than barney frank please explain to him that the 'crisis' was caused by AIG under-pricing derivatives, not someone investing in them "irresponsibly"