J.J. McGrath
Long/short equity, healthcare, oil & gas, tech

Alliance Fiber Optic Products CEO On Latest Boom: It's Different This Time

Executive summary:

  • Alliance Fiber Optic Products Inc. (NASDAQ:AFOP) had record gross revenue, net income and earnings per share in 2013, but its share price has fallen by almost one-half since September.
  • AFOP's CEO and president has argued in a couple of investor presentations this year that he believes the present communications-sector boom is different from past booms.
  • Focusing on the relative importance of datacom and telecom, Peter C. Chang has even gone so far as to say during one of those presentations, "It's totally different this time."
  • The phrase may have sounded like the grating of fingernails on a chalkboard to certain ears, but Chang might have had a point.

_________________________________

Alliance Fiber Optic Products Inc. (AFOP

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