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Strategies & Market Trends : cash-rich dot bombs

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To: EACarl who wrote (139)1/5/2001 5:33:41 PM
From: blankmind  Read Replies (1) of 184
 
Carl - on CMGI - as of 10/31/00 finl st:

- unless I'm missing something, CMGI is cash flow negative by $250 mill/qtr. You might be looking at the sale of stocks & the such. I took that out. I also took out non-cash items. And trust me, CMGI is clearly losing cash
- $2 bill in cash & such
- 8 bill of other assets that i value at less than that
- about a $1 bill in liabil
- over 300 mill shs o/s - or about $6 per share cash value - very approximate
- stock is only $4 1/2
- Net cash used for operating activitie: $211 mill
-
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