AMT in Oct 2002: What happened?

[short&naked]

It hit .75 in Oct 2002 and then toped off at around 40 bucks 5 years later. Did the market misprice this stock to begin with or was the company rescued by new management? What happened?


http://finance.yahoo.com/charts?s=A...=on;ohlcvalues=0;logscale=on;source=undefined

 

[nazzdack]

1) Management never had a clue. The stock was never "mispriced".
2) October-2002 was "pessimism. 5 years later was "optimism".
3) Back in 2002, there might have been a belief that electromagnetic signal transmission would be replaced by fiber optic cable transmission bringing about the price decline.
4) A few years ago, there may have been a belief that wireless transmission was a better means of data transmission bringing about the price rally.