Savvy Trades and Investments

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Those wade AVNW sells looking good now. I actually just added some AH. Down in the $28's?? The CC was more positive than I expected...book to bill for the quarter over 1, reaffirmed their annual guidance and called it conservative, doesn't sound like they're being significantly impacted by component shortages. Was expecting the stock to recover a bit after the CC, instead it made a leg lower. Weird. Looks like it'll be a great buying opportunity tomorrow as traders foolishly throw away their shares. Maybe so they can go buy some low float garbage like RHE.

I'll gladly be adding AVNW on the selloff. Remember fiscal Q3 is seasonally their weakest quarter. And they still earned .49/share. They've got an excellent balance sheet with almost $4/share in cash, which should only keep climbing. That $1.2M restructuring charge this quarter is supposed to lead to $1.1M in annual savings going forward. Things are just getting started with new Tier 1 customer Dish (who is teaming up with Amazon...hello!). Plus the tens of BILLIONS to be spent on rural broadband is just beginning. Infrastructure bill will only increase those amounts. Not a super low P/E, but I think AVNW is undervalued for a 5G play and will rebound in the coming weeks.