• One of our favorite shares is selling off, illustrating the problems of timing developments in a cyclical industry, or actually several cyclical sectors.
• Most of these sectors now seem to hit snails, which is the worst-case scenario.
• But this will turn around sooner or later, especially on the telecom side, first in the US, to be followed by China.
• And Finisar’s opportunity in VCSELs is secular, even if they’re off to a bit of a slow start.

Source: Where Did It Go Wrong With Finisar? – Finisar Corporation (NASDAQ:FNSR) | Seeking Alpha