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Strategies & Market Trends : Low Price/Cash Ratio Value Stocks

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To: Q. who started this subject	4/4/2001 12:00:21 PM
From: David	Read Replies (1) of 1931

Reminiscient of DAIO -- which I learned about on this thread a year or so ago . . . . PRDS -- Someone came to me with this "Hot Tip" quite a while ago -- I think it was trading for around $18.00 per share at the time. The 'rumor' was that it was supposed to be bought out. I passed on it (as I have trained myself to do after many tips -- bad ones!) I continued to watch it only out of curiousity and today the stock trades at $1.25 per share. Per Yahoo, the company holds $83.9 million in cash. There is no debt. The company caps out at $36.7 million. i.e. it trades at 43% of its cash position. The company is some sort of Telecommunications consulting company and grosses $88 million per year. I believe they lost around $4 million last year. I am unable to verify the above info because I am having trouble finding their 10K (I will look on their web site for it -- just thought of that). Just thought I would pass this one along for anyone who might be interested. I am not buying yet.

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