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Strategies & Market Trends : Value Investing

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To: jeffbas who wrote (13643)	1/8/2002 2:11:02 PM
From: blankmind	of 78530

Jeffrey - I've profitably traded in & out of SOFN (Softnet)over the past year for exactly the reasons you mentioned - it's real hard to value them as a going concern - but as a company that's going to announce by 3/31/02 how they'll liquidate - i think it's about as sure a bet as one can find - remember it's still under $2/share - now on to your issues: "how much would you pay for a business currently doing less than $4M sales and losing 4 times that amount" - they're not - you're looking at write downs - they're losing about $800k/qtr "The NOL's . . " - you may be right here - i know they can be used - but exactly how - i don't know - I'd hate to think the rule are as ridiculous as you mention - let's hope not - maybe someone who knows for sure can comment "By the time a deal gets done . . . " nope - they're down to a skeletal crew - so no big expenses down the line - we'll see - but i think at under $2; with a minimum buyout of $5 IMHO; it's worth holding for another 82 days

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