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Technology Stocks : C-Cube
CUBE 36.62-0.1%Nov 14 9:30 AM EST

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To: DiViT who wrote (42407)6/24/1999 10:48:00 PM
From: John Rieman  Read Replies (2) of 50808
 
I tried to find IPO balance sheets and proforma, no luck. I used the year end 1995 balance sheet, and the 1st 1/2 1995 stock price/market cap.(stock price $10)

1995 Market Cap = $323M Equity $87.5M

I used 12/31/98. Stock price $18.

1998 Market Cap = $732 Equity $243.4M

Retained equity over the period was $159.9M, increase in market value $409. The dollar rule = $2.56. Not bad, but it's better now. At a $30 stock price, Market cap is $1,221M. Dollar rule = $5.76.

Just a bed time story.

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