Savvy Trades and Investments

[researcher59]

AVNW (34.03) the company seems well positioned for growth but Mar Q3 was decidedly lackluster .... revenues down 6% sequentially, gross income down 5% sequentially and operating income down a hefty 34% sequentially even after backing out the restructuring expense. Maybe Q3 is seasonally weak, but that's not mentioned specifically in the 10K. Let's hope they do better in Q4 but we'll have to wait until late August to find out.

I'll probably pick up a few shares tomorrow if it sells off into the mid to upper $20's on the premise that this remains a long term growth story, but I wouldn't want a large position. That recent giant $200M shelf filing is also a concern. Hopefully they're not planning to use much of it.

In the upper $20's the stock does start to look cheap. At the very least it should be a good trader in the coming months.