Finisar: Adding to Position

Our Boston presenter has been adding to his position in Finisar (NASDAQ: FNSR, $8.07). The stock has dropped about 10% since the presentation in early October, but the presenter believes that shorting that commenced after a 1-for-8reverse split back in September is likely over. The company has been working through capacity constraints. FNSR increased output for its ROADM-related products in each of the recent quarters. Reports from other industry players point to improvements in long-haul and metro market demand. The presenter's current target is $12.