SmartFlex Systems (SFLX) - Blitzkrieg or Sitzkrieg? Message Board

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Technology Stocks : SmartFlex Systems (SFLX) - Blitzkrieg or Sitzkrieg?

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To: Ian@SI who wrote (822)	7/5/1999 12:17:00 AM
From: Douglas V. Fant	Read Replies (1) of 848

Ian, If INVX is making a "power move" in flip/flex, then valuing SFLX should be pretty easy based upon what was paid for AFLX - 2x last quarter's revenues minus debt divided by total shares, which is roughly $6.25/share. Now two wild cards here that AFLX lacked. SFLX has $3.15/share cash and lists about $2.10/share goodwill. Net them out and add the incremental difference to the tender offer which should put an offer in the $7.25+/share range just a wild rough-hewn estimate....INVX would still be just paying out of cash on hand...And hmmm, SFLX released its news release just after the AFLX acquisition was announced...hmmm.

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