Well worth a look:
- The Raymond James August 15 field trip slides
- Jay Daehna's article in response to some confusion about what was said on that field trip
An example of that:
In no way, shape, or form did Applied Opto state in its investor meeting on August 15, 2017, that price erosion was suddenly accelerating. To be gracious, I think the BWS analyst took the company’s comments on aggressive and continuing cost reductions, which were stated to defend the potential to maintain gross margins in the new 41-45% target model, completely out of context and suggested some sort of cyclical disaster for the company in line with his short thesis. He basically put words into the company’s mouth to suggest it was making comments that supported his negative fundamental thesis, and this was not the case.
And Raymond James, after the field trip:
Raymond James analyst Applied Simon Leopold maintained a Strong Buy and $107 price target on Applied Optoelectronics following a recent field trip. The analyst said Applied often gets grouped in with optical component stocks, but its differentiated through its focus on data center applications, scale and automation. Simon recommends investors take the time to listen to the story and further understanding will lead to increased appreciation.
Raymond James maintains Strong Buy rating on Applied Optoelectronics AAOI - The Fly