Looks like the DOT index jumped the gun and the train left without me. <G> I wasn't expecting it to rally until tomorrow afternoon. Seriously, I do have some "nuts", but was going to add some more tomorrow morning.
Since you told me about your favorite "nuts", here is my favorite, Ampex (AXC), a play primarily in internet video. Here is a fascinating, very well done internet video presentation that will tell you a bit about them, and show you what they are up to, and show you what internet video is capable of:
tvontheweb.com
The are currently reasonably priced at about 2-3 times Sales, and have a reasonable PE based on trailing earnings (but note, due to conversion to internut status, they will probably not earn money this year.) They are positioned in several potential high growth areas including internet video, HDTV, fibre-channel RAID, and ultra high speed/high capacity tape drives for backup and near-line storage. Like SFE they have several internet subsidiaries that are potential IPO candidates.
They do have one noted downside though, and that is their capital structure. For the last several years they have a negative book value, and the cash they have to invest came from a high interest junk bond issue. They do have a strong on-going revenue stream from royalty payments which pays the interest, and have done a good job of investing the cash on hand so as to minimize net interest expense. They have also recruited quite a few big-name people to the company since the first of the year, and seem to be building quite a team, as well as a worldwide internet video network.
I'd be interested in hearing your thoughts on this one,
Carl
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