MDA - Market Direction Analysis

[wahz]

ok I am current on fnsr...read reports from cibc and rbc capital.

the worry is about margins, they were well off on margins. alos, there is fear they will acquire ocpi(i don't have any)

otoh, these guys understand that fnsr projected "conservatively" growth of 5-12% for next q and backlog is tracking at a rate of 17% growth sequentially. This is way out there.

the 2 dollar target is, get this, based on "2x the revenue estimate for 2004." two times revenue while equivalent comanies sell at 3-9x revenue..now.

well alrighty then...i'll wait a few days on this one and let you all know when i am done. tell you the truth, i am tempted to do something very stupid if it drops much