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Strategies & Market Trends : A.I.M Users Group Bulletin Board

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To: Condo who wrote (13142)	10/13/2000 5:05:43 AM
From: Condo	Read Replies (2) of 18928

Hi AIMsters, I realize us AIM newbies are meant to be seen and not heard, buuuut... <g> The price of Anadigics(ANAD) ran up from $16 to $18.25 this afternoon (of all days) and that got me wondering how someone (or some program) decided that $16/share was the place to start buying. Here's my question: Is "breakup value" equal to Book_Value_per_share + Cash_per_share minus any debt? So for ANAD: $9.59 + $5.70 - 0 = ~$15.29/sh. breakup? siliconinvestor.com It seems too simplistic somehow. There must be other considerations, rules of thumb. I find that sitting on my wallet is real important with ANAD. If breakup value (whatever the correct way to do it is) roughly represents zero risk(?) and/or tends to act as a price floor, could it be used to figure the necessary cash reserve level? I'm asking your help because a lot of you have thought deeply about AIM for years and I haven't even experienced a full cycle yet. I'll shut up now and stand by for a swift kick in the pants! - Skol, Ej

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