Dec. 12 at 5:54 PM
$LPTH $LPTH $7.75 offering this morning raises interesting questions. Stock had pulled back to
$5.83 (Nov 21), then rallied to close over
$9 yesterday, never trading down to the offer — market is digesting it well. One wonders how
$7.75 was set, what variables were considered, and if they could have waited for higher prices. Likely we’ll see soon why the offering happened now. Once finalized Monday, it could clear the way for higher prices.
LPTH remains clearly undervalued with strong defense/IR positioning, rising demand for optics & sensors, and ongoing contract wins. Baseline target
$11–
$12, high-momentum scenario
$13–
$14. A re-rate is coming — likely sooner than most expect. I have full confidence in Sam Rubin and his team to continue driving growth, momentum and shareholder value.
Also watching:
$BBAI,
$LMT,
$UMAC,
$ONDS
