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Technology Stocks : CFM Technologies Inc. (CFMT)
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To: SemiBull who wrote (590)12/9/1999 1:53:00 PM
From: Yiqun Xie  Read Replies (2) of 721
 
> CFMT's previous all time was 40ish - see link below.
> So, while $20/sh is nice, $40/sh, or even $30/sh, is nicer. :~)

I agree. The question is whether CFMT can get back its previous
glory. The valuation of the company depends on its current business and its future perspective. The past glory is not in the equation.

I think $20/sh is possible to achieve in 12-month, but $30 or $40
is only wishful thinking in that time frame. That's why I am glad to take a $20 buyout at this time. A merger with a large company makes business sense to exploit the huge market potential of their technology. CFMT can survive with its own, but they need more resources to expand their business and to protect their IP in courtroom.

For those investors with cost basis over $20, I understand that it is mentally hard to take $20 offer. But if they are so sure they will get more than $20 in the near future, why not average down their position now? At $11/sh, a double down of their investment will bring their even $40/sh cost basis to $17.25.
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