FTTH investment guru
Long only

Clearfield And Google: The Growth Is Back Part II

Approximately ten months ago, I wrote an article about Clearfield's (NASDAQ:CLFD) growth prospects. Since that article, the stock has risen an astounding 250%. During this time, while the stock has steadily climbed, I have received many comments and emails from investors inquiring why the stock's share price increased at such a rapid pace. The earnings reports during that time certainly reflected the growth I was expecting, but does it justify the almost 50 P/E? My brethren and I believe we may have finally uncovered what we thought all the hidden excitement is about. Apparently, Clearfield is a key provider in Google's (NASDAQ:GOOG) fiber projects.

This Fox 4 Kansas City, MO video shows a Clearfield cabinet deployed...

Join Seeking Alpha PRO to read this archived article and 11,574 other archived articles
FREESA PRO MEMBERS
IDEA GENERATORXExclusive access to 10 PRO ideas every day
INVESTING IDEAS LIBRARYXExclusive access to PRO library of more than 15,000 ideas
SECTOR EXPERT NETWORKXExclusive access to all sector experts for direct consultation
PERFORMANCE TRACKINGXTrack performance of all PRO stock ideas
PROFESSIONAL TOOLSXProfessional Idea Filters to zero-in based on industry, market cap and more
PRO Top long ideas returned 21.7% in 2016**
"As a PRO member, we get uniquely valuable perspective that go beyond our quantiative analysis... We rely on PRO to get beyond the numbers quickly and add much needed perspective. It keeps me ahead of the next big thing. - Mark Choate, Malaga Cove Capital"
Mark Choate, Malaga Cove Capital
"Contributors (writers and commentators), often have a long history in the secuirities they opine on and some are clearly well positioned industry participants with detailed industry views that can help provide color on where the skeletons are buried in a particular secuirity and/or industry."
Jim Roumell, Roumell Asset Management
You may cancel at any time for any reason, and receive a prompt refund for membership on months paid and not used (max. 6 months). Details