I followed the company for quiet while.
They have gone through very though times. Last two years thought, their core business improved quarter after quarter and lately they announced that profit is round the corner.
Yet the stock price hasn't moved up accordingly.
Everybody feared that mega mergers in the telecoms sector would reduce demand for telecom gears, yet Avanex doesn't see any slow down in orders from their main clients and, interrestingly, from Nortel in particular.
Bought today at $1.54.
I'll tell you (or you will tell me) in two years if it was a wise move...
