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Strategies & Market Trends : Value Investing

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To: anializer who wrote (25476)3/7/2007 4:09:45 PM
From: Paul Senior  Read Replies (3) of 78673
 
SCMR close enough to cash value to be interesting, imo.

(Although interesting doesn't mean it's a buy -g-.)

I'll take a small amount now (@$3.66), intending to add more if SCMR drops closer to, or below, cash value.

From 2/27 p.r.: "Sycamore (Nasdaq: SCMR - News) said its net cash and investments increased $8 million to $915 million over the past three months."
Spread over 279M shares (If Yahoo is right...maybe not), that's about $3.28/sh.

So there's a cushion until maybe better times arrive for the business and/or maybe there's a stock price rise.

finance.yahoo.com
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