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Sycamore Networks (SCMR) is -13.7% to $25.88 after announcing a 2011 Q1 net loss of $6.5M on...

Sycamore Networks (SCMR) is -13.7% to $25.88 after announcing a 2011 Q1 net loss of $6.5M on revenues of $11.7M, down from 2010's $15.6M Q1 revenue. The Q1 results "reflect the fluctuations associated with the project-oriented nature of our bandwidth management business," says CEO Daniel Smith. (PR)
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Comments (1)
  • doverman
    , contributor
    Comment (1) | Send Message
     
    how is this not a screaming buy right here? With the $6.50 dividend, you've essentially got 25% downside protection for the next 2 weeks to hold this stock. As long as it closes above $19.38 on 12/13 you're ahead.
    1 Dec 2010, 11:08 AM Reply Like
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