Sycamore Networks (SCMR)
Current price (3/17/11 $22.20)
A few things turned me off from this issue, negative OCF, negative retained earnings. I didn't like that they're losing so much money, even though operating expenses have come down I don't see a light at the end of the tunnel, and they're trading at such a big premium to the NCAV there isn't much of a margin of safety. This seems like an interesting company worth revisiting in a few quarters.
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