hmmmmmm. I'm thinking it's low now and will eventually come back, even if years down the road. Buying would be with intentions to hold long term.

This is an excerpt from the Morningstar analyst report about JDSU:

JDS Uniphase seemed to be close to turning the corner to profitability, but a tough pricing environment for its products and a bloated cost structure make us question when the company will get back on track. The recent departure of the firm's CFO further heightens our concerns. JDS continues to struggle to find sustainable revenue growth and cut costs. Given the continued lack of visibility into any recovery, we are lowering our fair value estimate for JDS to $1.75 per share from $2.


After several ugly years, JDS has stemmed its slide in sales. Sales fell 6% in fiscal 2004 after falling about 65% and 40% in 2002 and 2003, respectively. Sales will continue to be volatile, but we expect 5%-10% sales growth annually, on average, longer term.