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Strategies & Market Trends : Value Investing

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To: Madharry who wrote (10772)6/27/2000 1:11:00 AM
From: jeffbas  Read Replies (1) of 78530
 
Armin, on SOFN, The company has a market cap of near $300 million and minor sales. In a couple of years, at their burn rate, much of that cash will be gone and maybe they will be doing $50 million sales. It would seem that 6 times sales would be a reasonable valuation then, so I do not see the potential. I do not like to rely on a bigger fool to pay 20 times sales for me to make money.

Some recent insider buying is somewhat encouraging.
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