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Strategies & Market Trends : Temp. Home of Cooperative Group-Trading

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To: Bo Le who wrote (689)	5/31/2000 9:00:00 PM
From: Tom Hua	Read Replies (2) of 790

Bo, strong support at cash level (although that diminishes every quarter). Sometimes a stock can trade below cash if the company is expected to remain in the red for many quarters. I know of one such case, trading at 75% cash. As a matter of fact, this cash-rich and debt-free company will distribute a special cash dividend equal to 93% of its closing price today. No a bad deal, huh? Regards, Tom

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