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Strategies & Market Trends : Three Amigos Stock Thread

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To: Ken W who wrote (19608)	4/16/2000 3:19:00 PM
From: Sergio H	Read Replies (1) of 29382

Ken, FLDR's increased revs were mostly due to an acquisition, but there were significant improvements over last year, particularly in profit margin and cash flow. I don't think that Paine Webber was hired to necessarily find a buyer for FLDR. Although sale of the Co. may be the outcome, I think that FLDR may now be considering a secondary offering. One problem that this stock has is liquidity due to low float coupled with large insider/institutional holdings. The share buyback program was terminated at the advise of Paine Webber. That's a clear indication that a secondary is a possibility being studied or persued. The other problem with FLDR is their need for additional credit or cash in order to fund expansion. Issuing more shares through a secondary would be a solution for this problem as well. Management's programs over the last year have had initial success and FLDR could benefit substantially from semiconductor facility expansion that is being forecast. Sergio

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