Lots of bullish catalysts lining up for optical companies... we own a few of them but the one that I believe has the most upside over the next 2-3 years is $AAOI. After this most recent ATM offering, $AAOI has raised approx $1.7B this year to expand their production facilities in Texas... they're adding ~30 football fields of capacity in order to keep up with demand and hit their targets. In my base case model, I have $AAOI doing $12 of EPS in CY2028, could easily justify at 40x multiple if not higher given the growth rates and margin expansion... in this scenario $AAOI could easily be a $450+ stock in the next 2-3 years. In my bull case model, I have $AAOI doing $16 of EPS in CY2028, could easily justify a 45x multiple given growth rates and margin expansion... this is how $AAOI beco
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