Slingshot's Comments RSS Syndication from SeekingAlpha.com http://seekingalpha.comuser/172138/comments http://seekingalpha.com/article/70882/comments?source=feed#comment-135749 135749 INTC) fiber business last year and its solar technology is currently used in sattelite applications. No one denies it."
You have to separate the 2 businesses - old and new. Then value each side separately. you will realize that the old business is very to aerospace multiples or optical equip - like optium. 1x sales; 10x EBITDA. The high value they received was attributed to EMKR CPV dream. And it has recently been exposed that it is in fact a dream and nowhere near reality. Therefore, the stock was cut, and went back down to values consistent with its comparable peers in its "real" businesses, as you called them.]]> Thu, 03 Apr 2008 01:35:16 -0400 INTC) fiber business last year and its solar technology is currently used in sattelite applications. No one denies it."
You have to separate the 2 businesses - old and new. Then value each side separately. you will realize that the old business is very to aerospace multiples or optical equip - like optium. 1x sales; 10x EBITDA. The high value they received was attributed to EMKR CPV dream. And it has recently been exposed that it is in fact a dream and nowhere near reality. Therefore, the stock was cut, and went back down to values consistent with its comparable peers in its "real" businesses, as you called them.]]>