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Technology Stocks : ARGX Building the Information Superhighway
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To: WTSherman who wrote (3)11/10/1998 12:51:00 AM
From: LPasko   of 14
 
Accounts receivable also go into book value, and these have been increasingly rapidly in line with sales. The company also has $10 million in cash and restricted cash; of course, they do borrow so cash can be readily obtained. I haven't suggested that Bosselmann is proceeding gingerly--there is risk in such a rapid acquisition strategy. But, if Bosselmann is right, and he's no dummy, he could be building something very big. Not for widows and orphans for sure, but Bosselmann is buying sales--if he's not overpaying, we'll see a phenomenal return some day.
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