CARRIER ACCESS (CACS)

[Zaphod]

Oct 21 and 22 we agreed the stock was easily worth $16, and I hoped for $10 by New Years.

Well, New Years was $13, so we *MUST* have either been conservative in our estimates, or just plain wrong. Assuming better-than-estimated growth, and decent margins, we get to slide the chart left a bit, and 20% growth means a double every 3 quarters or so.

Even with only 10%-15% growth I'd expect $30 in 2004. With acquisitions, or better growth, better still. Unless the economy tanks any drop is still a buying opportunity.
JMHO
Zap