You are correct. The estimates were .57 + 1.07, now
changed to .53 + 100. I plan on owning Ampex in Dec. 1998, and with
a PE of say 20, my stock will be worth $20.00 ( had to get my calculator
out for that 1 ). I'll be a happy camper on James island, can't afford
the Villa yet, and that's if KM doesn't make a nickel.
To the option player, wouldn't it be better to write naked
puts at 7 1/2, you have 1 5/8 premium plus the time value. We do
( or think we do ) have support at these levels. Covered calls have
some value, but then you lose the stock. When Greenspan raises the
rates next week, but only 25 basis pts., and the market has corrected
for more, this and many other undervalued stocks will recover.
still long on Ampex, always will be
like I said, I'm gonna die with mine
no MM can chase me on this 1 |
