With CIEN down another 4%+ today, one might well wonder whether
to add some shares. These two articles aren't terribly informative,
except for the fact that it's trading at about
16x or so, and earnings are expected to turn negative. It's
tempting here, but....how low is low?
finance.yahoo.com/ne...3.html
finance.yahoo.com/ne...3.html
I would add that I'm mulling buying some more shares here. Two
things stay my hand: 1. From now until the election, I think the
market will not like the upheaval and volatility caused by the
election and the SCOTUS choice. 2. My best guess is that we have
another 'wave' of covid, given my observations of how blithely
people don't follow mask wearing and other safety rules. Europe
looks like what happens when those rules are loosened. We have
looked over the past month or so like we are trending downward, but
between kids bringing it back from school, to more indoor time as
the weather changes, I think we may see another significant rise in
cases, and with it the safety vs. economic consequences argument
start anew in some form. I hope I am wrong.
If anyone has other news or opinions, please post.