Are you sure you about your figure for cash position?
Reading some of the recent posts on this thread, I noticed that you
said repeatedly that Premenos' large cash position has dissipated. I
wonder what your source is.
As of Dec 31, 1996, Premenos reported "Cash and short-term
investments" of $56.482 Million.
That's about $5 a share, about the same as a year ago. What's your
source that Premenos' large cash position has dissipated,
and the stock should be much lower.
I checked your profile and some of your other posts. It appears that
you started a whole new thread back in November to promote this stock.
Subject 10036
Have you sold shortly after you started the new thread, and would
like to buy it back now?
Any way with $56.5 Mil cash,
the business is valued at $30 Million,
which is about 0.75 X run rate revenue.
Premenos spends about 30% of revenue on R & D largely for Templar
for which it has recognize minimal revenue.
So if Premenos were to simply give away the promising Templar
(and stop spending on Templar R&D), we will left with a nicely
profitable company with solid product line, solid growth valued
at (net of cash) 0.75 X run rate revenue, low PE.
I got the 12/31/97 cash position number from
pcquote.newsalert.com
Would you mind referencing the URL for your statement that cash
position has dissipated? Thanks. |
