Derek Kent submits:
As the old adage goes, you pay a dear price for a cheery consensus. Well call me cheap, but that is not the price I care to pay. Of course, that naturally implies that one has to recognize situations before there is enough information available for it to become consensus thought — easier said than done. But once in a while you discover something that is about to emerge from relative obscurity. And while all of the information is not yet available, you know enough to make a decision.
I am referring to a company called Occam Networks (OCNW). They make what is called a Multi Service Access Platform (MSAP). These are the platforms that provide broadband, VoIP and Video to end subscribers over fibre or copper. MSAPs have been largely embraced by smaller US telcos in more rural areas and Occam has toiled in relative obscurity for the last decade to take a roughly 20-25% share of that market, which is roughly $400-$450 million in size. However, that market is about to get a whole lot bigger, quite possibly multiples of its current size, and it will sustain at a very high level. Occam is the purest play to this Tier-3 broadband market about to experience very high secular growth.
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