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optical 12/4/2012 | 7:56:16 PM
re: Riverstone Upstaged by Downgrades Not to sound to gloomly, but the telecom space really, I mean REALLY STINKS. Riverstone stock ought to be racing off the charts, but everyone is so anti-telecom that no one can see through the gloom. When will things get better?
annoyed 12/4/2012 | 7:56:15 PM
re: Riverstone Upstaged by Downgrades Last time I check Kowloon and Hong Kong were not part of Korea. Check the quote from CIR in this article - somebody needs a geography lesson.
brichter 12/4/2012 | 7:56:14 PM
re: Riverstone Upstaged by Downgrades They already have 4.5 million in Korea, The article states this deal may be larger.
Somebody needs a reading lesson.



>Last time I check Kowloon and Hong Kong were not >part of Korea.
> Check the quote from CIR in this article - >somebody needs a geography lesson.
vikm 12/4/2012 | 7:56:13 PM
re: Riverstone Upstaged by Downgrades Valuation is too high...sales are not much when compared to RBAK, which is trading at 2.5 times sales...Similar to that RSTN should be at $1-2 maximum...use every uptick opportunity to short
green 12/4/2012 | 7:56:12 PM
re: Riverstone Upstaged by Downgrades if 4.5 mil is the size of the biggest contract should investors be happy that RSTN has a very very diversified customer base or should they just yawn and wait for RSTN to announce a 100 million dollar contract ???
[email protected] 12/4/2012 | 7:56:11 PM
re: Riverstone Upstaged by Downgrades Sounds like you need to read the article a bit more carefully. I think that he was talking about something else.

I've talked to this analyst a few times and he's a pretty sharp cookie...nothing like the cheerleaders that get most of the ink.
metroman 12/4/2012 | 7:56:00 PM
re: Riverstone Upstaged by Downgrades I think Mr Green needs a reading lesson too. The article says that this could be the biggest contract this quarter. Given that revenues were running at ~$45m last quarter, this is quite a nice balance.

Also as they are growing at 20-30% per quarter in the worst market you have ever seen you might like to be a little more positive about the stock.

You cannot argue with the sentiment of the Marketing guy, that no-one else is growing like Riverstone in this market. One day the slump will be over and some companies will have momentum.

Having a broad customer base is good and right now having a small number of large "$100Million" customers is bad. See Redback's numbers for a reference here.

Just to put this company in perspective. Foundry state that less than 10% of there revenue last quarter was from Metro customers, 10% of $100million is easy to work out. This deal would equate to 50% of Foundry's total Metro revenue for the quarter or around 13% of their annualized revenue for the sector.

In addition, Riverstone, if growing at the current rate has a likely revenue number of $250-270m, this makes their stock value 3-4 times earnings. Just to correct the math earlier, 2-3 times earnings would put RSTN stock at ~$8-10. Riverstone are growing and Redback are shrinking. Who will you bet the house on?
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