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Technology Stocks : Advanced Fibre (AFCI) ** IPO
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To: elmatador who wrote (3170)6/18/2001 1:32:37 PM
From: BWAC  Read Replies (2) of 3299
 
<Tell me how much your investment was valued in April 00 and how much is valued now.>

Hold on there. Nobody said AFCI was worth $80 plus per share. It isn't, even though it was valued there at one point. What AFCI used to trade at has nothing, not one thing, to do with AFCI the company and its business or future business.

You said earlier that AFCI would fold or implied it would go under. How? They have no debt. They were profitable. They aren't bloated cost wise so they will more than likely lose little during this downturn, and they have cash, $12 per share cash. And no debt.

Certainly AFCI doesn't and did not have earnings power to sustain $80. But the business is worth something? And the tangible assets are worth something? Or should all that just be ignored?
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