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Strategies & Market Trends : cash-rich dot bombs
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To: blankmind who wrote (142)1/5/2001 11:32:11 PM
From: EACarl  Read Replies (1) of 184
 
blankmind, thanks for your post.
Not only do I think you are right, but now that I look
deeper, I see that unlike the "price to cash" plays that I
like where the cash is net of all liabilities, CMGI only
has about $2.23 in tangible net equity. Combine that with
continued losses and cash burn and I think it is fair to
say that there are MANY better price to cash plays out
there!

Regards, Eric
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