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Strategies & Market Trends : Value Investing
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To: Steve168 who wrote (20444)1/10/2005 12:35:49 AM
From: Carl Worth   of 78744
 
actually TUTS offered 6M shares of its stock, which equates to a little over 24M at the current TUTS price

however, TUTS appears to have guided below consensus for Q4 revenues and was down over 4% after hours, so that lowers the amount they are paying to about 23.5M

all that said, COSN looks like a death spiral on its own, with vanishing revenues and increasing losses, so it's probably best off being bought out even at this price
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